WorksheetsPM1 Unit 4 Estimations
Total questions: 5
Worksheet time: 3mins
A project manager estmates that most likely a rodeo will take 3 months to produce, an optomistic timeline would be 1 month will be, and if lots goes wrong it will take up to 7 months. What estimate should they give using the 3-point method? TE=(O+4L+P)/6
4 months
3 months 10 days
3.5 months
20 months 2 days
A project manager estmates that most likely a rodeo will cost $14,000 to produce, an optomistic cost would be $10,000, and if lots goes wrong it will take up to $27,000. What cost estimate should they give using the 3-point method?
TE=(O+4L+P)/6
$15,600
$13,500
$30,000
$15,500
A project manager estmates that most likely a rodeo will cost $14,000 to produce, an optomistic cost would be $10,000, and if lots goes wrong it will take up to $27,000. What cost estimate should they give using a 20% extra reserve analysis with the 3 point method?
TE=(O+4L+P)/6
$18,600
$30,000
$14,850
$16,800
A team is using vendor analysis with quotes to determine what to charge for hosting a competitive event at their local community center. Vendor A quoted $8,000, Vendor B quoted $10,500, and Vendor C quoted $5,500. What would be a safe quote to give based on vendor analysis?
$9,000
$8,000
$10,500
$5,500
An the expert wedding planner tells you that the wedding described should cost $15,000 with 300 memebers. What will you quote if the customer decides on 500 guests using the parametric method?
$25,000
$15,000
$20,000
$30,000
