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1
The process of forecasting or approximating the time and cost of completing project deliverables is called
A)
Budgeting
B)
Predicting
C)
Estimating
D)
Planning
E)
Guesstimating
2
What is the relationship between organizational culture and estimating?
A)
There is no relationship
B)
Cultural norms affect the accuracy of estimates
C)
Culture determines whether estimates are made
D)
Estimating alters cultural norms
E)
Estimating and culture are independent
3
A good starting point for developing time and cost estimates is
A)
Past experience
B)
Work packages
C)
Task analysis
D)
Time and motion studies
E)
Work breakdown structure
4
Janet is forecasting how much money her department needs to support a new project. She estimates that two people and $25,000 in expenses will cover her needs. Because management typically insists on reducing forecasts by 20 percent, she increases her estimates to allow for that reduction. Which of the following factors is illustrated in this situation?
A)
Padding estimates
B)
Planning horizon
C)
Project structure
D)
People
E)
Organization culture
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