Tasya has to provide estimates for activities, but no one on the project team ha

Question

Tasya has to provide estimates for activities, but no one on the project team has performed them before. The project team is using a schedule from a similar project as the basis for its estimates. What type of estimating is this an example of? Select one: Budgetary Three-point estimate Parametric Analogous The actual cost for a previously budgeted procurement item is five percent more than expected. Where would this extra cost most likely be drawn from? Select one: Critical chain reserve Management reserve Contingency reserve Budget allowance Which one of the following is not an output of any of the processes in the Project Time Management knowledge area? Select one: Resource breakdown structure Project schedule network diagram Schedule model data Schedule management plan Work expands to fill the time available refers to which of the following? Select one: Monte Carlo Analysis Parkinson's Law Contingency reserve analysis Design of experiments

Explanation / Answer

Question 2:

D : ANALOGOUS ESTIMATING

Analogous estimating uses a similar past project to estimate the duration or cost of your current project, thus the root of the word: analogy.

Question 3:

C: Contingency reserve

Question 4:

A: Resoruce breadkwong structure

Question 5

B: Parkinson´s Law

This statement was made by Cyril Northcote Parkinson, the famous British historian

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