Question: The project manager is currently estimating the costs for the project and needs to be as accurate and detailed as possible. What tool or technique

The project manager is currently estimating the costs for the project and needs to be as accurate and detailed as possible. What tool or technique is best for the project manager to use in this situation?

*

?Analogue estimating.

?

*

?Bottom

-

up estimating.

* ? ? ?

Parametric estimating

* ? ? ?

Estimate activity durations.

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!

.def .def .def A 12 .def Br3 .def zero r4 .def oloop r17 .def iloop r18 .org $0000 [25 pts] 4- Consider the AVR assembly code in Problem # 3 with its equivalent (partially completed) address and...

Chapter 2 - Planning Project Communication IN THIS CHAPTER Struggling with Proper Project Communication Planning Preventing Common Communication Problems Creating a Project Communication Plan...

5. Developed stakeholder register and matrix for this project PARTNERS HEALTHCARE SYSTEM (PHS): TRANSFORMING HEALTH CARE SERVICES DELIVERY THROUGH INFORMATION MANAGEMENT Professor Richard Kesner...

Project Scope Statement Project Name Project Number Prioritization Project Manager Owner(s) Statement of Work Project Description and Project Product This section is typically a detailed...

25-The tools and techniques used in the process of Determine Budget includes all but a- Cost Aggregation b- Cost of Quality c- Expert Judgement d- Historical Relationships 26- You are using a...

1) create a newtwork diagram. ensure the diagram uses the 6 boxes for each task with ES, EF, LS, LF and duration. create an ES/EF table and show the critical path 2) conpile a table showing: a) each...

One of the following is NOT true: The critical path method predicts total project duration. The critical path is the longest path through the network diagram. The critical path for a project...

Question 1 "The classical definition of project success centers on achieving results on time, on budget, and producing the agreed deliverables: the triple constraints of time, cost, and scope. Yet,...

Subject : case analysis How could i get the solution to the following case as urgently as possible? I have made a payment through visa card Project Management and Analysis (MBA 721) Group Assignment...

17-Trends and emerging practices in project scope management mainly include: A-Updating project management plan and project documents B- Decomposing the project work into more manageable components...

How are realized and unrealized investment gains reported in investment trust funds?

Estimate the R-values for a 2-inch-thick fiberglass board and a 1-inch-thick polyurethane foam layer. Then compare their respective conductivity-times-density products if the density for fiberglass...

An analysis of how each strategy could be deployed within your division and organization to improve workforce performance

It has been found that 80% of all accidents at foundries involve human error and 40% involve equipment malfunction. 35% involve both problems. An accident at a foundry is investigated. What is the...

In the circuit below V=8 cos (10t) v. Calculate current i (please note that i is in time domain). V 1F 1H 12

In an oil seed market, there are 5000 producers with identical cost functions. Their cost function is C(q) = 125q2 + 200, where q is the number of bushels of oil seed produced in each period. a) If...

Starbucks serves coffee at 170 and the room temperature in Starbucks is 70. The coffee cools to 100 after 10 minutes. Let T(t) be the temperature of the coffee at timet, measured in minutes. (a)...

How can learning about research methods, and specifically the type of critical thinking involved in developing good studies, that help you in everyday life? In other words, what are relevant...

Total quality management (TQM) seeks to reengineer strategy-critical business processes in ways that promote mistake-free performance, 100% customer satisfaction, and overall operating excellence. o...

3. In what way can preconceptions affect what we perceive in new situations?

7. List examples from your everyday situation where using the CI strategy could have provided a better solution in a communication situation than the solutions you chose.

6. What is meant by: accessibility carries greater weight than relevance?