Question: 1. We’ve got our WBS decomposed to the appropriate work packages, we decomposed them into activit…

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Jun 13, 2022

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Question: 1. We’ve got our WBS decomposed to the appropriate work packages, we decomposed them into activit…

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Please answer all1. Weve got our WBS decomposed to the appropriate work packages, we decomposed them into activities, and now its time to estimate each of those individual activities. f) Historical estimating g) Analogous method h) Management reserve a) Budgetary method b) Three-point estimate c) Contingency reserve d) Parametric method e) Bottom up estimating f) Historical estimating g) Analogous method h) Management reserve 4. Lupita, it looks like your estimate here is what you think is most likely to happen. Id like you to give me a better estimate that also takes into account all the possible risks of what might go wrong, as well as your best case scenario. a) Budgetary method b) Three-point estimate c) Contingency reserve d) Parametric method e) Bottom up estimating f) Historical estimating g) Analogous method h) Management reserve 2. We know that a roofer can lay 100 tiles in one hour, and we have 2000 tiles to lay. So Im estimating 20 hours for this task. a) Budgetary method b) Three-point estimate c) Contingency reserve d) Parametric method e) Bottom up estimating f) Historical estimating g) Analogous method h) Management reserve 5. Sheridan, I see you estimated this task at $900. Can you tell me how much extra it might cost if it turns out that those parts were using are no longer being manufac- tured? a) Budgetary method b) Three-point estimate c) Contingency reserve d) Parametric method e) Bottom up estimating f) Historical estimating g) Analogous method h) Management reserve 3. The finance organization is starting to allocate budgets for the next 3 years. So the VP wants to know about how much we think the infrastructure costs will be for that hotel upgrade project were doing next year in Canada. We have very few details about that, so lets look at that spa upgrade we did in Bermuda last year and see what our costs were then, accounting for exchange rate differences. a) Budgetary methood b) Three-point estimate c) Contingency reserve d) Parametric method e) Bottom up estimating End of document

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1. We've got our WBS decomposed to the appropriate work packages, we decomposed them into activities, and now it's time to estimate each of those individual activities." f) Historical estimating g) Analogous method h) Management reserve a) Budgetary method b) Three-point estimate c) Contingency reserve d) Parametric method e) Bottom up estimating f) Historical estimating g) Analogous method h) Management reserve 4. "Lupita, it looks like your estimate here is what you think is most likely to happen. I'd like you to give me a better estimate that also takes into account all the possible risks of what might go wrong, as well as your best case scenario." a) Budgetary method b) Three-point estimate c) Contingency reserve d) Parametric method e) Bottom up estimating f) Historical estimating g) Analogous method h) Management reserve 2. We know that a roofer can lay 100 tiles in one hour, and we have 2000 tiles to lay. So I'm estimating 20 hours for this task." a) Budgetary method b) Three-point estimate c) Contingency reserve d) Parametric method e) Bottom up estimating f) Historical estimating g) Analogous method h) Management reserve 5. "Sheridan, I see you estimated this task at $900. Can you tell me how much extra it might cost if it turns out that those parts we're using are no longer being manufac- tured?" a) Budgetary method b) Three-point estimate c) Contingency reserve d) Parametric method e) Bottom up estimating f) Historical estimating g) Analogous method h) Management reserve 3. The finance organization is starting to allocate budgets for the next 3 years. So the VP wants to know about how much we think the infrastructure costs will be for that hotel upgrade project we're doing next year in Canada. We have very few details about that, so let's look at that spa upgrade we did in Bermuda last year and see what our costs were then, accounting for exchange rate differences." a) Budgetary methood b) Three-point estimate c) Contingency reserve d) Parametric method e) Bottom up estimating End of document

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