What is the basis for determining and controlling the project budget?

PM03 Project Planning - Estimating Technique

Passage
•
Professional Development
•
12th Grade
•
Easy
shaik syahman
Used 3+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Estimating cost
Project scheduling
Resource allocation
Quality assurance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which project estimation process involves finalizing the project budget first?
Top-Down Estimation
Bottom-Up Estimation
Parametric Estimation
Analogous Estimation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which estimating technique is based on the previous project to estimate for a new project?
Bottom-Up Estimation
Analogous Estimation
Top-Down Estimation
Parametric Estimation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for the Three-Point Estimation technique?
a- best scenario
b- normal scenario
c - worst scenario
(a + b + c) / 2
(a + b + c) / 4
(a + b + c) / 3
(a + b + c) / 5
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which estimating technique is known for being very detailed in nature?
Top-Down Estimation
Bottom-Up Estimation
Analogous Estimation
Parametric Estimation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an advantage of the Parametric Estimation technique?
Detailed estimation
Higher accuracy
Based on repeatable tasks
Quick and simple
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage of the Analogous Estimation technique?
Two projects can never be exactly the same
Gives maximum accuracy
Based on repeatable tasks
Quick and simple
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage of the Three-Point Estimation technique?
Based on probability
Gives maximum accuracy
Gives realistic estimates
Complicated technique for complex projects
Similar Resources on Quizizz
10 questions
PMIPCC Gyan Lahari 2024

Quiz
•
12th Grade
8 questions
Prepare a simple cost estimate for a manufactured product

Quiz
•
12th Grade
10 questions
PMP 2017 PEOPLE

Quiz
•
1st - 12th Grade
14 questions
Time and project management

Quiz
•
12th Grade
10 questions
Lecture 8 end of lesson

Quiz
•
9th - 12th Grade
10 questions
Workplace Readiness Skills (C)

Quiz
•
9th - 12th Grade
12 questions
AZlogK1

Quiz
•
12th Grade
10 questions
Vocabulary Practice Freshman 91-100

Quiz
•
9th - 12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
20 questions
Math Review - Grade 6

Quiz
•
6th Grade
20 questions
math review

Quiz
•
4th Grade
5 questions
capitalization in sentences

Quiz
•
5th - 8th Grade
10 questions
Juneteenth History and Significance

Interactive video
•
5th - 8th Grade
15 questions
Adding and Subtracting Fractions

Quiz
•
5th Grade
10 questions
R2H Day One Internship Expectation Review Guidelines

Quiz
•
Professional Development
12 questions
Dividing Fractions

Quiz
•
6th Grade