This estimating technique bases the estimate for the current project on a past project of similar size and scope:__________.
Analogous estimates
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15
This estimating process technique establishes estimates for each activity and adds them all together to determine an estimate for the project.
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15
Add this to the project budget to account for unexpected expenses: _______ __________.
Contingency reserves
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eraser
Reset score!
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gift
Win 5 points!
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rocket
Go to first place!
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lifesaver
Give 20 points!
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15
T/F The project plan is made up of all the documents produced in the planning processes and the project plan should be signed off by the project sponsor and key stakeholders.
True
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heart
Other team wins 5 points!
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fairy
Take points!
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shark
Other team loses 5 points!
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baam
Lose 5 points!
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lifesaver
Give 5 points!
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shark
Other team loses 25 points!
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shark
Other team loses 15 points!
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thief
Give points!
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15
This is used to measure the actual project expenses against the budgeted expenses: __________ __________.
Cost baseline
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15
This estimating technique involves obtaining quotes for the work or services to be performed.
Resource cost rates
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15
T/F. Indirect costs are costs specifically associated with the work of the project.
False. Indirect costs are costs associated with the project but not directly related to the work of the project.