Question: When is it appropriate to use light-weight estimation methods for your project to calculate a high-level forecast of project costs? Projects high in scope You

When is it appropriate to use light-weight estimation methods for your project to calculate a high-level forecast of project costs?

Projects high in scope

You should never use light-weight methods

Projects with a low degree of uncertainty

Projects with a high degree of uncertainty

Projects low in scope

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:

When is it appropriate to use "light-weight" estimation methods for your project to calculate a "high-level" forecast of project costs? You should never use light-weight methods Projects with a high...

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:

Projects operating in agile environments where a high degree of uncertainty exists and where the scope is not yet fully defined, may not benefit from detailed cost calculations due to frequent...

Q:

When should a project manager make use of lightweight estimation methods to generate a high-level forecast of project labor costs? A. On large projects B. On small projects C. On projects where the...

Q:

Drug Revolution/Grace Pharmaceuticals Joint Venture Background Information: In early 2018, Kieran Gregory, President and CEO of Drug Revolution, met with members of a joint-venture negotiating team...

Q:

Project Management Casebook David I. Cleland, Karen M. Bursic, Richard Puerzer, and A. Yaroslav Vlasak Library of Congress Cataloging-in-PublicationData Project management casebook /edited by David...

Q:

Due Week 4: Work Breakdown Structure According to the PMBOK Guide, "the WBS is a deliverableoriented hierarchical decomposition of the work to be executed by the project team, to accomplish the...

Q:

Cost Estimate Vendor A Vendor B VENDOR C Other Total Totals Funding Source Vendor A PM Initials Capital #: Grant #: Cost Center #: Vendor A Account Executive: The signature below represents the...

Q:

With the attached information what should a detailed "final project plan" look like including the following structure and sections to expand on ? References is crucial to have a better understand of...

Q:

Available online at www.sciencedirect.com Operational Research in Sustainable Development and Civil Engineering - meeting of EURO working group and 15th German-Lithuanian-Polish colloquium...

Q:

A drugstore is considering opening a new location at shopping centre A, with hopes of capturing sales from a new neighbourhood under construction. Two other shopping centres located nearby, C and E,...

Q:

About how many participants do you need in each cell for 80% power in each of the following planned studies, using the analysis of variance with p Predicted Effect Size Small Small Medium Small Small...

Q:

CA11.2 (LO 1, 2, 5) (Accounting for Pre-Opening Costs) After securing lease commitments from several major stores, Auer Shopping Center, Inc. was organized and built a shopping center in a growing...

Q:

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...