tiple Choice Questions $(10$ points$)$: One poimt per question. Circle one $(1)$ answer.

You are a consultant drafting a project cost estimate for a client. The elient insists on a fixed priced contract. What would be the best approach to estimating project time and costs for this ellent?

a$.$ Top$-$down approach

b$.$ Bottom$-$up approach

c$.$ Experimental approach

d$.$ Delphi approach

You are an owner of a software startup that is looking for a technical writer to complete a user manual for your new software. To keep budget in check, instead of paying hourly, you would like to hire a technical writer for a fixed price contract to write the manual. From a risk management perspective, you are:

a$.$ mitigating risk

b$.$ accepting risk

c$.$ avoiding risk

d$.$ transferring risk

Which of the following methods is NOT considered a top$-$down approach to estimating project tir cost?

a$.$ Template

b$.$ Ratio

c$.$ Consensus

d$.$ Apportion

Tom is the top engineer for your project team, and he is the only engineer working on multiple activities on the critical path. Another project manager would like to borrow Tom for a week to work on something on her project. Which response is NOT ideal, and can negatively impact your project success?

a$.$ Politely decline the request explaining that Tom is currently working on critical activities that canno afford any delay.

b$.$ Suggest an alternative solution, like offering help from another team member who is not current assigned to tasks on the critical path.

c$.$ Immediately agree to lend Tom to foster a good relationship with the other project manager, because you may need her help later.

d$.$ Assess the potential impact on your project timeline if Tom was to be loaned out, and discus negative impact openly with the other project manager.