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BUS 375 Exam 1 Part B 100 points (ASSURED A)

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BUS 375 Exam 1 Part B 100 points (ASSURED A) Question 1 4 out of 4 points Which of the following is NOT one of the recommended guidelines for developing useful work package estimates? Selected A... nswer: d. Estimates should include a normal level of contingency Correct Answer: d. Estimates should include a normal level of contingency • Question 2 4 out of 4 points Janet is forecasting how much money her department needs to support a new project. She estimates that two people and $25,000 in expenses will cover her needs. Because management typically insists on reducing forecasts by 20 percent, she increases her estimates to allow for that reduction. Which of the following factors is illustrated in this situation? Selected Answer: a. Padding estimates Correct Answer: a. Padding estimates • Question 3 4 out of 4 points Ed is looking over the actual results of projects and comparing them to what was estimated. He notices that the projects that took six months or longer to complete were noticeably more off the estimates. Which of the following factors is he recognizing? Selected Answer: b. Project duration Correct Answer: b. Project duration • Question 4 4 out of 4 points Refining estimates may be necessary for a number of reasons. For example, resource shortages, in the form of people, equipment, or materials, can extend original estimates. This is a good example of Selected Answer: c. Normal conditions not applying. Correct Answer: c. Normal conditions not applying. • Question 5 4 out of 4 points Refining estimates may be necessary for a number of reasons. For example, a manager getting further into a project and obtaining a better understanding of what needs to be done to accomplish a project and meet the needs of the customer is an example ofSelected Answer: d. Changes in project scope. Correct Answer: d. Changes in project scope. • Question 6 4 out of 4 points Which of the following is NOT true in regard to the level of detail estimates should contain? Selected Answer: b. Detailed estimates are crucial to project success; therefore, an effort should be made to make estimates as detailed as possible for all projects Correct Answer: b. Detailed estimates are crucial to project success; therefore, an effort should be made to make estimates as detailed as possible for all projects [Show More]

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