Budget 1. Overview 2. Video signpost 3. Methods for estimating costs 4. Estimating methods quiz 5. Budget management 6. More about earned value and planned value 7. Establishing the budget 8. Start – Budget challenge 9. Tasks – Budget challenge 10. Outputs – Budget challenge Estimating methods quiz Quiz Test out what you have learnt in this fun quiz. Which of the following methods is associated with reorganising estimates by grouping with activity codes? Analogous Incorrect try again Parametric Incorrect try again Bottom-Up Incorrect try again Activity-Based Correct well done Which of the following methods is associated with an estimate that is based on other project estimates? Analogous Correct good job Parametric Incorrect try again Bottom-Up Incorrect try again Activity-Based Incorrect try again Which of the following methods is associated with identifying the cost of each item in each activity of the project? Analogous Incorrect try again Parametric Incorrect try again Bottom-Up Correct wonderful Activity-Based Incorrect try again Which of the following methods is associated with using average costs per unit based on costs from other projects? Analogous Incorrect try again Parametric Correct superb Bottom-Up Incorrect try again Activity-Based Incorrect try again When John based the estimate for his move on the cost of his friend’s move, this was a/an Analogous estimate Correct perfect Parametric estimate Incorrect try again Bottom-up estimate Incorrect try again Activity-based estimate Incorrect try again When Jane grouped her costings, e.g. friends’ help, packing materials, rental truck, this was a/an Analogous estimate Incorrect try again Parametric estimate Incorrect try again Bottom-up estimate Incorrect try again Activity-based estimate Correct first class When Jane prepared a detailed estimate of costs for packing materials and use of a rental truck, this was a/an Analogous estimate Incorrect try again Parametric estimate Incorrect try again Bottom-up estimate Correct Nice Job Activity-based estimate Incorrect try again When the truck company estimated the size of the moving truck on the number of bedrooms, this was a/an Analogous estimate Incorrect try again Parametric estimate Correct Brilliant Bottom-up estimate Incorrect try again Activity-based estimate Incorrect try again ← Previous Next →
Quiz
Test out what you have learnt in this fun quiz.