7.2 Estimate costs
The process of developing an approximation of the cost of resources needed to complete the project work.
Develop project charter -> Identify stakeholders -> Develop project management plan - > Plan scope management -> Collect requirements -> Define scope -> Create WBS -> Plan schedule management-> Define activities -> Sequence activities-> Estimate activity durations -> Estimate costs (P240)
1) Which of the following is true about 'estimate costs' process? (P240)
1 point
2) Which of the following is not an input for 'estimate costs' process? (P240)
1 point
3) Which of the following is not an estimation technique? (P244)
1 point
4) A technique for estimating the duration or cost of an activity or a project using statistical relationship using historical data. This technique can produce higher levels of accuracy (P244)
1 point
5) I am traveling from the city to the airport. The optmistic estimate (tO) = 3 hour. The pessimistic estimate (tp) = 5 hours and the most likely estimate (tm) = 4 hours. What is the expected duration (te) using triangular distribution (O+M+P)/3? (P245)
1 point
6) I am traveling from the city to the airport. The optmistic estimate (tO) = 3 hour. The pessimistic estimate (tp) = 5 hours and the most likely estimate (tm) = 4 hours. What is the expected duration (te) using beta distribution (O+4M+P)/6? (P245)
1 point
7) The price of comformance is 10,000 and the price of non conformance is 25,000. How much is the cost of quality?
0 points