Analogous estimating - Study guides, Class notes & Summaries

absorptive heterotroph - An organism (usually a fungus) that obtains its food by secreting digestive enzymes into the environment to break down large food molecules, then absorbing the breakdown products. acidophile - able to live in extremely acidic environments adaptations - inherited aspects of an individual that allow it to outcompete other members of a population that lack the trait; evolve through natural selection Alfred Russel Wallace - came up with a mechanism for evolution simila...

CAPM EXAM 2024 WITH 100% CORRECT ANSWERS A. Assumptions CM 4.7.2 PMBOK 5.3.3.1 - correct answer Project planning is ongoing as the team analyzes how long it will take to process both a new order and a change order through the new call center. This analysis helps them determine how many employees must be working in the car center based on anticipated customer volume. This is an example of what? A. Determine budget CM 7.13; PMBOK 7.3 - correct answer The project manager and her team are ...

Acceptance Criteria - ANSWER A set of conditions that are met before deliverables are accepted by the customers or sponsors. Activity - ANSWER A distinct, scheduled portion of work performed during the course of a project. Actual Cost (AC) - ANSWER The actual cost incurred for the work performed on an activity during a specific time period. Analogous Estimating - ANSWER A technique for estimating the duration or cost of an activity or a project using historical data from a similar activ...

CAPM Exam 196 Questions with Verified Answers Cost Variance formula - CORRECT ANSWER Earned Value (EV) - Actual Cost (AC) What are the 6 constraints? - CORRECT ANSWER Scope, Risk, Resources, Quality, Schedule, Budget Initiating (Process Group) - CORRECT ANSWER Processes performed to define a new PROJECT or a new PHASE of an existing project Planning (Process Group) - CORRECT ANSWER Processes performed to establish total scope of effort, define and refine objectives, and develop a cou...

ITPM - Cost Management Exam Questions And Answers 100% Verified 2024/2025 BAC Budget at completion - No formula—it's the project budget - How much money you'll spend on the project PV Planned value - BAC * Planned % complete - What your schedule says you should have spent (planned) EV Earned value - BAC * Actual % complete - How much of the project's value you've really earned AV Actual cost - What you've actually spent on the project - How much you've actuall...

Acceptance Criteria - -The process and the criteria that will be used to determine whether the deliverables are acceptable and satisfactory Activity duration - -Assessing the number of work periods needed to complete the project activities. Work periods are usually expressed in hours or days. Large projects might express duration in weeks or months. Activity List - -A list of all the activities required to complete the work of the project that also includes an identifier code and the WBS c...

CAPM EXAM PREP 97 Questions with Verified Answers Initiation Process - CORRECT ANSWER Obtain authorization to start a new project or phase on an existing project Planning Process - CORRECT ANSWER Establish the scope of the project, refine the objectives and define the course of action required Executing Process - CORRECT ANSWER Complete the work defined in the project management plan to satisfy the project specifications Monitoring and Controlling Process - CORRECT ANSWER Track, revi...

A. Assumptions CM 4.7.2 PMBOK 5.3.3.1 - Project planning is ongoing as the team analyzes how long it will take to process both a new order and a change order through the new call center. This analysis helps them determine how many employees must be working in the car center based on anticipated customer volume. This is an example of what? A. Determine budget CM 7.13; PMBOK 7.3 - The project manager and her team are involved in establishing the cost of the project and applying them to the sc...

ESTIMATING PROJECT COSTS 3 Introduction Many businesses are working within a specific budget and timeline when initiating projects. Jet On Demand, a company that brokers private flights for companies and consumers, wants to create an app for both Android and iOS users to book a flight. The Project Manager has a 7-month timeline and a $250k budget for the project. The project is currently in the planning phase, and the team still needs to complete a cost estimation and management plan for t...

APM PMQ - Project Delivery (Estimating Schedule & Resource Optimisation Conflict Mgmt Negotiation Knowledge And Info Mgmt Earned Value Mgmt) Complete SolutionsAPM PMQ - Project Delivery (Estimating Schedule & Resource Optimisation Conflict Mgmt Negotiation Knowledge And Info Mgmt Earned Value Mgmt) Complete SolutionsAPM PMQ - Project Delivery (Estimating Schedule & Resource Optimisation Conflict Mgmt Negotiation Knowledge And Info Mgmt Earned Value Mgmt) Complete SolutionsAPM PMQ - Project Deliv...