Module 6: Cost Management (ch5)

Question 1

Estimating Individual activities and summing them to get a project total is called ——

a - Analogous estimating.
b - Parametric estimating.
c - Simple Cost estimating.
d - Bottom-up estimating.

Answer 1

d - Bottom-up estimating.

Question 2

Instead of using a range of numbers for estimates, agile projects use —–

a - Top-down
b - Analagous
c - Relative
d - Timeboxing

Answer 2

c - Relative

Question 3

T-Shirt sizing is an agile estimating method.

True or False

Answer 3

True

Question 4

A cost baseline is a time based budget that is used to measure and monitor cost performance throughout the project.

True or False

Answer 4

True

Question 5

Typicallly, the cost baseline can be changed by any key stakeholder.

True or False

Answer 5

False