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You have been informed by a key stakeholder that you must present your activity duration estimates at the next status meeting. He informs you that the director of the cost center funding your project is looking for the highest degree of accuracy you can provide with the information you have available today. Which is the BEST

You have been informed by a key stakeholder that you must present your activity duration estimates at the next status meeting. He informs you that the director of the cost center funding your project is looking for the highest degree of accuracy you can provide with the information you have available today. Which is the BEST

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You have been informed by a key stakeholder that you must present your activity duration estimates at the next status meeting. He informs you that the director of the cost center funding your project is looking for the highest degree of accuracy you can provide with the information you have available today. Which is the BEST method of estimating to use? Select one: a. Parametric estimating b. Analogous estimating c. Bottom-up estimating d. Three-point estimating Examples of organizational process assets updates resulting from the Control Schedule process include: Select one: a. Lessons learned, causes of variance and the reasoning behind the corrective actions chosen. b. Revenue achieved from the sale of the project's product. c. New organization charts illustrating the available resources for the project. O d. Proposals for follow-up projects. A major delay on any activity not on the critical path may have little effect on the overall project schedule, while a much shorter delay on a critical or near-critical activity may require immediate action. What should you use to help you decide if a schedule variation requires corrective action? Select one: a. Alternative analysis b. Schedule network analysis during the Develop Schedule process c. Performance reviews and during the Control Schedule process d. A corrective action
Transcribed Image Text:You have been informed by a key stakeholder that you must present your activity duration estimates at the next status meeting. He informs you that the director of the cost center funding your project is looking for the highest degree of accuracy you can provide with the information you have available today. Which is the BEST method of estimating to use? Select one: a. Parametric estimating b. Analogous estimating c. Bottom-up estimating d. Three-point estimating Examples of organizational process assets updates resulting from the Control Schedule process include: Select one: a. Lessons learned, causes of variance and the reasoning behind the corrective actions chosen. b. Revenue achieved from the sale of the project's product. c. New organization charts illustrating the available resources for the project. O d. Proposals for follow-up projects. A major delay on any activity not on the critical path may have little effect on the overall project schedule, while a much shorter delay on a critical or near-critical activity may require immediate action. What should you use to help you decide if a schedule variation requires corrective action? Select one: a. Alternative analysis b. Schedule network analysis during the Develop Schedule process c. Performance reviews and during the Control Schedule process d. A corrective action
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