Place the terms where they belong.
 Resources
 Time
 Activity List
 Alternatives analysis
 Bottomup
 Risk Register
 Define
 Resource
 Breakdown
Match the Estimate Activity Resources Tools with their correct description.
Answers:
Expert Judgement  Used when someone on your team has done the work before and knows what is required
Alternatives Analysis  Balancing the cost, duration, availability, and risk to choose the correct resource
Published Estimating Data  Used when your industry or organization has already estimated resources for frequently performed activities
Bottomup Estimating  Starting from scratch and estimating everything in detail because you have never done this type of work before

Expert JudgementUsed when someone on your team has done the work before and knows what is required

Alternatives AnalysisBalancing the cost, duration, availability, and risk to choose the correct resource

Published Estimating DataUsed when your industry or organization has already estimated resources for frequently performed activities

Bottomup EstimatingStarting from scratch and estimating everything in detail because you have never done this type of work before
Place the terms where they belong.
 Durations
 Duration
 Time
 Resource
 3
 Scope Statement
 RBS
 Reserve analysis
 Develop Schedule
 Sequence Activities
 Attributes
Match the Estimate Activity Duration Tools to their correct description.
Answers:
Analogous  Uses historical information from previous projects or activities that are similar to the current one being estimated
Parametric  100 square yards of carpet X 10 minutes per square yard = 1,000 minutes for an activity duration estimate
Reserve Analysis  Uses the Risk Register to estimate needed buffer time on the schedule for the activity
3Point Estimating  Produces a range for an activity estimate using optimistic, pessimistic and realistic projected values for duration
Answers:
Analogous  Uses historical information from previous projects or activities that are similar to the current one being estimated
Parametric  100 square yards of carpet X 10 minutes per square yard = 1,000 minutes for an activity duration estimate
Reserve Analysis  Uses the Risk Register to estimate needed buffer time on the schedule for the activity
3Point Estimating  Produces a range for an activity estimate using optimistic, pessimistic and realistic projected values for duration

AnalagousUses historical information from previous projects or activities that are similar to the current one being estimated

Parametric100 square yards of carpet X 10 minutes per square yard = 1,000 minutes for an activity duration estimate

Reserve AnalysisUses the Risk Register to estimate needed buffer time on the schedule for the activity

3Point EstimatingProduces a range for an activity estimate using optimistic, pessimistic and realistic projected values for duration
Which of the following is True or False about 3Point Estimating?
The Following are True:
Formula for Beta Distribution weights the Realistic estimate by 4
PERT is the same as Beta Distribution
Formula for Variance is SD squared
Formula for PERT estimate is [O+(4R)+P]/6
The Following are True:
Formula for Beta Distribution weights the Realistic estimate by 4
PERT is the same as Beta Distribution
Formula for Variance is SD squared
Formula for PERT estimate is [O+(4R)+P]/6
 Formula for Beta Distribution weights the Realistic estimate by 4
 Formula for Triangular Distribution is (O+R+P)/6
 Adding and subtracting 1 Standard Deviation from the Beta Distribution estimate yields a 95% confidence level
 PERT is the same as Beta Distribution
 Formula for Variance is SD squared
 Formula for SD is OP/6
 Formula for PERT estimate is [O+(4R)+P]/6
Place the terms where they belong.
 Resource Requirements
 PNDs
 Project Staff Assignments
 Path
 Modeling
 Scheduling Tool
 Baseline
 Project Calendars
 16
 Control Schedule
 Activities
 Cost
Match the Scheduling Tools with their correct description.
Answers:
Critical Path Method  Used to estimate the minimum project duration and determine scheduling flexibility on each network path
Critical Chain Method  Placing time buffers on network paths to account for limited resources and project uncertainties (risk)
Resource Optimization  Adjusting the schedule model due to demand and supply of resources
Resource Leveling  Start and finish dates are adjusted based on resource constraints to balance supply with demand. May lengthen Critical Path and completion date
Resource Smoothing  Adjusting resource requirements so that they do not exceed predefined resource limitations. Does not affect the Critical Path or completion date
Schedule Compression  Used to shorten the schedule without reducing the scope in order to meet schedule constraints
Crashing  Adding resources to Critical Path activities in order to reduce activity durations. Results in increased cost
FastTracking  Activities originally planned to be done in sequence are rearranged to be done in parallel. Results in increased risk
Answers:
Critical Path Method  Used to estimate the minimum project duration and determine scheduling flexibility on each network path
Critical Chain Method  Placing time buffers on network paths to account for limited resources and project uncertainties (risk)
Resource Optimization  Adjusting the schedule model due to demand and supply of resources
Resource Leveling  Start and finish dates are adjusted based on resource constraints to balance supply with demand. May lengthen Critical Path and completion date
Resource Smoothing  Adjusting resource requirements so that they do not exceed predefined resource limitations. Does not affect the Critical Path or completion date
Schedule Compression  Used to shorten the schedule without reducing the scope in order to meet schedule constraints
Crashing  Adding resources to Critical Path activities in order to reduce activity durations. Results in increased cost
FastTracking  Activities originally planned to be done in sequence are rearranged to be done in parallel. Results in increased risk

Critical Path MethodUsed to estimate the minimum project duration and determine scheduling flexibility on each network path

Critical Chain MethodPlacing time buffers on network paths to account for limited resources and project uncertainties (risk)

Resource OptimizationAdjusting the schedule model due to demand and supply of resources

Resource LevelingStart and finish dates are adjusted based on resource constraints to balance supply with demand. May lengthen Critical Path and completion date

Resource SmoothingAdjusting resource requirements so that they do not exceed predefined resource limitations. Does not affect the Critical Path or completion date

Schedule CompressionUsed to shorten the schedule without reducing the scope in order to meet schedule constraints

CrashingAdding resources to Critical Path activities in order to reduce activity durations. Results in increased cost

FastTrackingActivities originally planned to be done in sequence are rearranged to be done in parallel. Results in increased risk
Which statements are True or False regarding the different presentations of a project schedule?
The Following are True:
The Gannt Chart is frequently used in management presentations
A Gannt Chart shows activity duration
A Project Schedule Network Diagram is the most detailed version of the schedule
A Milestone Chart offers a quick glance at important completion dates
The Following are True:
The Gannt Chart is frequently used in management presentations
A Gannt Chart shows activity duration
A Project Schedule Network Diagram is the most detailed version of the schedule
A Milestone Chart offers a quick glance at important completion dates
 The Gannt Chart is frequently used in management presentations
 A Project Schedule Network Diagram shows only start and stop dates of activities
 A Milestone Chart shows early and late start and finish dates
 A Gannt Chart shows activity duration
 A Project Schedule Network Diagram is the most detailed version of the schedule
 A Milestone Chart offers a quick glance at important completion dates
 A Project Network Diagram shows only highlevel schedule information
Place the terms where they belong.
 Monitoring & Controlling
 Project Schedule
 Schedule Data
 Performance Reviews
 Change Requests
 Schedule Forecasts
 Develop Schedule
 Deviation
 OPA