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
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

1

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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Financial Reporting in Hyperinflationary Economies
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education