Project Management 3351 - Final Flashcards
What do we need to estimate each activity in a WBS in term of?
duration and effort
what is the duration represented by?
calendar time
what is effort represented by?
number of working hours
how many working hours is one month of effort?
168
what is the delphi technique to project estimation?
using multiple anonymous experts, each making estimates and taking average or analyzing outcome
what are the three types of estimates in the 3 point technique?
optimistic, pessimistic, most likely
what is the formula for the three point estimation techniqeu?
E = (O + 4M + P)/6
what is time boxing?
allocating a “box” of time for a specific activity, task or deliverable
what can happen if time boxing is used too often?
project team members can become burned out or frustrated
who determines the overall project schedule in top down estimating?
top and middle managers
what are lower level managers expected to do in top down estimating?
breakdown schedule/budget estimates into specific activities (WBS)
top down estimating tries to determine what the project _______ cost and how long it _______ take, as decreed by a top level manager who ______ those parameters are appropriate.
should, should, think
what may top down estimating lead do ?
a death march project
which estimating technique may be a response to the business environment?
top down estimating
what is the most common form of project estimation?
bottom up estimating
what is bottom up estimating
project is broken up into much smaller modules and the person hours/weeks/months are determined for each module, schedules and budgets are the aggregate of detailed activities and costs
what is analogous estimating?
everything is based on similar tasks done in the past
what is the common principle in analogous estimating?
find the time it would take you to do a similar task, double it and add 10-20%
what estimation approach utilizes a third party who is very knowledgeable on the type of project you are going to engage in?
expert advice
what are the problems associated with the lines of codes estimation approach?
do comments count? declaring variables? efficient vs bloat code, differences between languages, can’t really estimate before project completion
what are the 5 primary elements of a function point analysis?
inputs, outputs, inquiries, logical files, interfaces
what are external inputs?
data originating from users or other systems that cross the boundary to the application
what are external inquiries?
input and output components resulting in data retrieval
what are value adjustment factors?
system characteristics that influence the function point analysis