3 Simple multiple choice

Which one of the following examples refers to the Bottom-up method for cost estimation? C. Based on knowledge of duration, effort and cost of past projects b. Based on work breakdown structure, bill of materials, overhead rates to estimate cost of each discrete activity c Based on identification of factors that influence cost such as mass of aircraft, number of seats, engines d. All of the above A key aspect of managing a project involves: a. Planning to achieve defined objectives b. Defining which operational systems to put in place Caldentifying routine tasks Ensuring ongoing operations are maintained Payback period method is often considered inferior to Discounted cash flow and Net Present Value method in capital investment appraisat, this is because It is more difficult to calculate It does not take account of the time value of money It only take into account the future income of a project it does not how long it will get back the money invested