Page 221 - Project+
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risk triggers
schedule performance index (SPI)
schedule variance
share
SWOT analysis
three-point estimates
top-down estimating
transfer
work effort
Review Questions
1. You are asked to prepare an estimate for a project that involves planting new trees
in the parking lot. The trees cost $800 each, and the labor to install them is $75 per
hour. You are planting 10 new trees, and each tree takes one hour of labor to plant,
stake, and water. What is the estimated cost of the labor for this project, and which
technique are you using to determine this estimate? Choose two.
A. $8,000
B. Three-point estimate
C. Bottom-up method
D. $750
E. Analogous method
F. Parametric method
G. $8,750
2. Top-down estimating is another name for which type of estimating technique?
A. Parametric estimating
B. Analogous estimating
C. Three-point estimating
D. Expert judgment
3. The total time it will take for one person to complete a task from beginning to end
without taking into account holidays, time off, or other project work is known as
this.
A. Duration estimate
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