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NEW QUESTION # 731
Which is the correct formula for calculating expected activity cost for three-point estimating?
Answer: A
Explanation:
Explanation/Reference:
Explanation:
6.5.2.4 Three-Point Estimating
The accuracy of single-point activity duration estimates may be improved by considering estimation uncertainty and risk. This concept originated with the program evaluation and review technique (PERT).
PERT uses three estimates to define an approximate range for an activity's duration:
Most likely (tM). This estimate is based on the duration of the activity, given the resources likely to be
assigned, their productivity, realistic expectations of availability for the activity, dependencies on other participants, and interruptions.
Optimistic (tO). The activity duration based on analysis of the best-case scenario for the activity.
Pessimistic (tP). The activity duration based on analysis of the worst-case scenario for the activity.
Depending on the assumed distribution of values within the range of the three estimates the expected duration, tE, can be calculated using a formula. Two commonly used formulas are triangular and beta distributions. The formulas are:
Triangular Distribution. tE = (tO + tM + tP) / 3
Beta Distribution (from the traditional PERT technique). tE = (tO + 4tM + tP) / 6
Duration estimates based on three points with an assumed distribution provide an expected duration and clarify the range of uncertainty around the expected duration.
NEW QUESTION # 732
The definition of operations is a/an:
Answer: D
NEW QUESTION # 733
Which characteristic is unique to project work and does not apply to operational work?
Answer: D
NEW QUESTION # 734
Organizational process assets
Tools & Techniques
1. Expert judgment
2. Meetings
Outputs
1. Scope management plan
2. Requirements management plan
4.Which tool or technique is an examination of industry and specific vendor capabilities?
Answer: A
NEW QUESTION # 735
A graphic display of project team members and their reporting relationships is known as a:
Answer: C
Explanation:
Section: Volume B
Explanation:
Project organization charts. A project organization chart is a graphic display of project team members and their reporting relationships. It can be formal or informal, highly detailed or broadly framed, based on the needs of the project. For example, the project organization chart for a 3,000-person disaster response team will have greater detail than a project organization chart for an internal, twenty-person project.
NEW QUESTION # 736
......
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