Question: What is guesstimating? Why should a project manager not rely on this technique for estimating a project? AppendixLO1

What is guesstimating? Why should a project manager not rely on this technique for estimating a project?

AppendixLO1

Step by Step Solution

★★★★★

3.47 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Project Management Questions!

Q:

Module : Software Project Management Kindly answer ALL questions which follow Thanks 1. How is estimating a software project different from estimating a construction project? 2. What makes estimating...

Q:

Should a project manager rely on only one technique for estimating resources? Why or why not?

Q:

Question 1 All of the following items are among the key areas covered by the Malcolm Baldrige National Quality Award EXCEPT: Leadership Strategic planning Team Learning Customer focus Question 2...

Q:

1. You are managing the project of planning a party for your company employees. There is a risk that the employees will not come to the party. You decide to not take any action against this as the...

Q:

EXAM PREP: PLEASE CHOOSE the correct answers to these questions: A project manager is estimating the project duration and finds that the only information available to him is a previous project that...

Q:

PLEASE ANSWER THE FOLLOWING QUESTIONS AND BOLD THE ANSWER? 1.A project manager is estimating the project duration and finds that the only information available to him is a previous project that was...

Q:

EXAM PREP: PLEASE POINT OUT THE ANSWERS I GOT WRONG AND PROVIDE THE RIGHT ANSWERS TO THEM: Mycurrent score is 20/25 A project manager is estimating the project duration and finds that the only...

Q:

1 You are managing a software development project with an agile approach, as you just completed release one, what should you do to prepare for next release? Confirm Scope baseline is up to date b)...

Q:

1) A project manger has identified the various activities to be done on his project and has marked these activities in the following chart. Identify the path with zero float from the details...

Q:

Read the Article below "5 Keys to estimating" and submit your summary feedback Abstract In the realm of project management, nothing is more valuable than estimates that accurately reflect reality,...

Q:

All of the accounts of the Grass is Greener Company have been adjusted as of December 31, 2022, with the exception of income taxes incurred but not yet recorded. Those account balances appear below....

Q:

Using the EES software and the relations in Table A33, calculate the one-dimensional normal shock functions for an ideal gas with = 1.667, and present your results by duplicating Table A33.

Q:

Which two ( 2 ) items must first be configured in order to create Rooms in OPERA Cloud? Room Class and Room Condition Room Types and Room Class Room Class and Room Default Room Type and Room...

Q:

Dennis Willard is a successful, veteran car salesperson who spent about half his career, from February 2005 to December 2016, at Huntington Ford. Willard was regarded as one of Huntington Fords top...

Q:

A _____________ is a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project. A. contract B. Gantt chart C. WBS D. network diagram

Q:

A requirements ______ _______ is a table that lists requirements, various attributes of each requirement, and the status of the requirements to ensure that all of them are addressed. A. traceability...

Q:

Project teams develop a ___________ to coordinate all other project plans. A. strategic plan B. project management plan C. master plan D. project website

Q:

supply on hand total $ 5 8 0 adjusting entries are made quarterly

Q:

Bull Spread An investors considers making a bull spread using 1-year European calls on S&P 500 index. The investor sees two European calls; one with the strike price of 1,900 is priced at $130 and...

Q:

Which of the overhead variances do you think are more important and give reasons why?