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WGU Project Management C722 questions and answers already solved 2024
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WGU Project Management C722 questions and answers already solved 2024
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WGU Project Management C722, Unit 6,Module 21, 22
Which estimating method experiences more problems with padding?
a. Ratio and apportion
b. Top-down
c. Bottom-up
The risk of gross overestimation occurs when padding is over-applied in the
bottom-up estimation method. - correct answer ✔c. bottom-up
What is true about bottom-up estimating?
a. Bottom-up estimates are done early in a project's life cycle when the
organization is determining how the project will meet a business need.
b. A bottom-up estimate must be created before the WBS is available.
c. Creating a bottom-up estimate requires people with expertise to do the work
estimate of the labor, supplies, materials, equipment, and any other resources
needed to complete each individual work activity.
d. Bottom-up estimates are early approximations of cost. - correct answer
✔c. Creating a bottom-up estimate requires people with expertise to do the
, work estimate of the labor, supplies, materials, equipment, and any other
resources needed to complete each individual work activity.
Bottom-up estimating requires expertise in estimating a variety of costs.
Initial estimates of cost are most often developed using _____________
estimation methods.
a. top-down
b. bottom-up - correct answer ✔a. top-down
Initial estimates of cost are most often developed using top-down estimation
methods.
True or False:
Two examples of parametric estimating are the ratio and apportion methods.
Top-down methods, such as the ratio and apportion estimates, are based on
the relationship between the current project and historical data and are often
referred to as parametric estimating. - correct answer ✔True: Top-down
methods, such as the ratio and apportion estimates, are based on the
relationship between the current project and historical data and are often
referred to as parametric estimating.
The _________ requires that an overall project cost be provided based on the
customer's budget or similar projects. The overall budget is then allocated to
the major work areas required in the project (design, programming, testing,
documentation, and user training).
a/ ratio method
b/ bottom up method
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