Question: Question 2 estimate. A budget estimate based on a similar project is an subtotaled analogous parametric top-bottom bottom-up

Question 2 estimate. A budget estimate based on a
Question 2 estimate. A budget estimate based on a similar project is an subtotaled analogous parametric top-bottom bottom-up

Step by Step Solution

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 General Management Questions!

Q:

7.6 Brighton Magnets Limited has the following balances in its books at 31 August 2012: Closing inventories 186 420 Delivery vans at carrying amount 120 000 Secretarial costs 51 498 Electricity...

Q:

QUESTION 1 Consider an investor who wants to build a 1500-room luxury hotel in a resort area. The investor wants to know the approximate cost for the same. A similar luxury hotel has been recently...

Q:

Leah graduated in July 2012 with a degree in Business majoring in Project Management. She accepted a job as a project coordinator for Housing New Zealand in the Building Maintenance Department. She...

Q:

How do you estimate project costs? As you learned earlier, customers and stakeholders expect project managers to deliver a definitive and functional cost estimate in a timely manner. How do project...

Q:

How do you estimate project costs? As you learned earlier, customers and stakeholders expect project managers to deliver a definitive and functional cost estimate in a timely manner. How do project...

Q:

Rhonda will evaluate potential cost-saving alternatives and provide a preliminary analysis within two weeks. She contacts Sanjay Delphi, the project manager for the companys India facility. Rhonda...

Q:

Question 1 Which of the following statement is true: Not yet answered Select one: Marked out of 1.00 O a. Parametric estimating requires less information and time than analogous estimating. P Flag...

Q:

1.The following is not a cost estimating technique: Parametric Systematic Bottom-Up Analogous 2. Salary costs are an example of: Required costs Direct costs Timely costs Optional costs 3. The...

Q:

QUESTION 1 A CPI or SPI value less than one indicates that the project is a. Under cost or behind schedule. b. Over cost or ahead of schedule. c. Over cost or behind schedule. d. Under cost or ahead...

Q:

Questions 1 The reason that the critical path is critical is that every single activity on the path must finish on time in order for the project to come in on time. A delay in any one of the critical...

Q:

Cost Estimation In the estimate costs process, the project cost is estimated by using the following three techniques: - Analogous Estimating - Parametric Estimating - Bottom-up Estimating Analogous...

Q:

A particle undergoes three successive displacements in a plane, as follows: d1, 4.00m southwest; then d2, 5.00m east; and finally d3, 6.00m in a direction 60.0o north of east. Choose a coordinate...

Q:

Suppose that an increase in world tensions makes it more likely than before that there will be a nuclear war within 10 years. Such a war would kill half the worlds population and destroy 90% of the...

Q:

Pybus, Inc. is consdiering issuing bonds that will mature in 1 6 years with an annual coupon rate of 9 percent. Their par value will he 1 , 0 0 0 dollars, and interest will be paid semiannually....

Q:

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...