Lecture 8 end of lesson

What is a work breakdown structure (WBS)?

• A visual representation of the project schedule

• A list of all the tasks required to complete the project

• A document that outlines the project budget

• A tool used to track project progress

Which estimating technique uses statistical data to estimate project costs?

• Parametric estimating

• Historical estimating

• Three-point estimating

• PERT estimating

What is the formula for three-point estimating?

• (Optimistic + Pessimistic + Most Likely)/3

• (Optimistic + Pessimistic)/2

• (Most Likely + Pessimistic)/2

• (Optimistic + 4 x Most Likely + Pessimistic)/6

Which estimating technique involves the project team providing estimates anonymously and then coming to a consensus on the final estimate?

• Parametric estimating

• Historical estimating

• Three-point estimating

• Wideband Delphi estimating

What is a network diagram?

• A visual representation of the project schedule

• A document that outlines the project budget

• A tool used to track project progress

• A chart that shows the relationship between project tasks

Which scheduling tool is commonly used to show the start and end dates for project tasks?

• Network diagram

• Gantt chart

• Project calendar

• Milestones

What is a Gantt chart?

• A visual representation of the project schedule

• A document that outlines the project budget

• A tool used to track project progress

• A chart that shows the relationship between project tasks

Which scheduling tool is used to identify key dates in a project and to track progress towards those dates?

• Network diagram

• Gantt chart

• Project calendar

• Milestones

What is a project calendar?

• A visual representation of the project schedule

• A document that outlines the project budget

• A tool used to track project progress

• A calendar that shows the working days and hours for a project

What are milestones in a project?

• Key dates that mark important project events or accomplishments

• The final deliverables for the project

• The tasks required to complete the project

• The estimated costs for the project