“Based on the project expertise and effort required to develop bottom-up estimates, they are normally developed during which phase of a project?PlanningExecutionClosingDefiningIncorrect. The project closing phase is when the project outcomes are delivered to the customer and the customer evaluates them to determine if they are acceptable.”

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.“Based on the project expertise[…]

Read more

Aestimating method starts at the bottom level of the WBS and aggregate cost estimates up to the total project and they require that people with expertise in doing the work estimate the resources needed to complete each work activity.Incorrect. Parametric estimating methods are top-down estimating methods that are based on the relationship between the current project and historical data.

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Aestimating method starts at the[…]

Read more

Which of the following is a good tool to assist in generating a calendarized budget because it shows how much of each resource is required for each time period?Project planResource allocation histogramFull-time equivalentBaseline budgetIncorrect. The FTE is not a tool for generating a calendarized budget. Labor costs are calculated by multiplying FTE and the number of work hours estimated.

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Which of the following is[…]

Read more