SCHEDULE 3

Question 1

The estimate activity duration process requires an estimation of the amount of ____ ____ required to complete the activity and the amount of ____ ____ estimated to complete the activity.

Answer 1

WORK EFFORT; AVAILABLE RESOURCES

Question 2

A change to a driving resource allocated to the activity will usually have an effect on the duration, but this is not a simple ____ ____ or ____ ____.

Answer 2

“STREIGHT LINE”; LINEAR RELATIONSHIP

Question 3

When one factor (e.g. resource) used to determine the effort required to produce a unit of work is increased while all other factors remain fixed, a point will eventually be reached at which additions of that one factor start to yield progressively smaller or diminishing increases in output.

Answer 3

LAW OF DIMINISHING RETURNS

Question 4

Increasing the number of resources to twice the original number does not always reduce the time by half, as it may increase extra duration due to risk, and at some point adding too many resources to the activity may increase duration due to knowledge transfer, learning curve, additional coordination, and other factors involved.

Answer 4

NUMBER OF RESOURCES

Question 5

This may also play an important role in determining duration estimates. For example, an increase in the output of a manufacturing plant may be achieved by procuring the latest advances in technology, which may impact duration and resource needs.

Answer 5

ADVANCES IN TECHNOLOGY

Question 6

The project manager also needs to be aware of Student Syndrome - or procrastination - when people start to apply themselves only at the last possible moment before the deadline, and Parkinson’s law where work expands to fill the time available for its completion.

Answer 6

MOTIVATION OF STAFF

Question 7

What are the Estimate Activity Durations process inputs?

Answer 7

PROJECT MANAGEMENT PLAN, PROJECT DOCUMENTS, EEF’s, OPA’s

Question 8

Project management plan components for the Estimate Activity Durations process?

Answer 8

SCHEDULE MANAGEMENT PLAN, SCOPE BASELINE

Question 9

Project documents components for the Estimate Activity Durations process?

Answer 9

ACTIVITY ATTRIBUTES, ACTIVITY LIST, ASSUMPTION LOG, LESSONS LEARNED REGISTER, MILESTONE LIST, PROJECT TEAM ASSIGNEMENT, RESOURCE BREAKDOWN STRUCTURERESOURCE CALENDARS, RESOURCE REQUIREMENTS, RISK REGISTER

Question 10

What are the Estimate Activity Durations process T&T’s?

Answer 10

EXPERT JUDGEMENT, ANALOGOUS ESTIMATING, PARAMETRIC ESTIMATING, THREE-PINT ESTIMATING, BOTTOM-UP ESTIMATING, DATA ANALYSIS DECISION MAKING, MEETINGS

Question 11

A technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or a project.

Answer 11

ANALOGOUS ESTIMATING

Question 12

Analogous estimating is generally less costly and less time-consuming, but it also ____ ____.

Answer 12

LESS ACCURATE

Question 13

Parametric estimating uses a ____ ____ between historical data and other variables (e.g., sq. footage in construction) to calculate an estimate for activity parameters, such as ___, ____, and ____.

Answer 13

STATISTICAL RELATIONSHIP; COST, BUDGET, DURATION

Question 14

Three-Point Estimating helps define an approximate range for an activity’s duration, is used when there is ____ ____ data or when using ____ data.

Answer 14

INSUFICIENT HISTORICAL; JUDGEMENTAL

Question 15

tE = (tO + tM + tP) / 3. Define Variables in formula:

Answer 15

tE - TRIANGULAR DISTRIBUTION; tO - best-case scenario activity duration; tM - Most likely activity duration; tP - worst-case activity duration

Question 16

Bottom-Up estimating is a method of estimating project duration or cost by ____ the estimates of the lower-level components of the ____.

Answer 16

AGGREGATING; WBS

Question 17

Alternatives Analysis is a data analysis technique, used to compare various levels of resource ____ or ____; scheduling ____ techniques, different tools: and make, rent or buy decisions regarding the resources.

Answer 17

CAPABILITY, SKILLS; COMPRESSIOIN

Question 18

Reserve Analysis is a data analysis technique, used to determine the ____ of ____ and management ___ needed for the project.

Answer 18

AMOUNT OF CONTINGENCY; RESERVE

Question 19

Contingency Reserves are associated with known-unknowns, and are the durations within the schedule ____.

Answer 19

BASELINE

Question 20

Management Reserves are intendent to address the ___-___ that can affect a project. It is not included in the schedule ____.

Answer 20

UNKNOWN-UNKNOWNS; BASELINE

Question 21

What are the Estimate Activity Durations process outputs?

Answer 21

DURATION ESTIMATES; BASIS OF ESTIMATES; PROJECT DOCUMENTS UPDATES

Question 22

Duration estimates are quantitative assessments of the ____ number of time periods that are required to complete an activity, a phase, or a project. Estimates do not include any ___.

Answer 22

LIKELY; LAGS