BUS 517 FINAL EXAM PART 2

Jul 28th, 2016
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1) The cost to prepare bottom-up estimates will typically run how much more than the costs to prepare the top-down estimates? A. About the same B. About twice as much C. About three times as much D. About four times as much E. About five times as much 2) Resource shortages, in the form of people, equipment, or materials, is a good example of A. Hidden interaction costs B. Things going wrong on a project C. Normal conditions not applying D. Changes in project scope E. None of these are correct 3) The accuracy of top-down estimates will typically be in the range of A. Minus 50% to plus 50% B. Minus 0% to plus 75% C. Minus 20% to plus 60% D. Minus 35% to plus 35% E. Minus 10% to plus 30% 4) Design flaws being revealed after the fact, extreme weather conditions, and accidents occurring are examples of: A. Hidden interaction costs B. Things going wrong on a project C. Normal conditions not applying D. Changes in project scope E. None of these are correct 5) In pr

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BUS 517 FINAL EXAM PART 21) The cost to prepare bottom-up estimates will typically run how much more than the costs toprepare the top-down estimates?A. About the sameB. About twice as muchC. About three times as muchD. About four times as muchE. About five times as much2) Resource shortages, in the form of people, equipment, or materials, is a good example ofA. Hidden interaction costsB. Things going wrong on a projectC. Normal conditions not applyingD. Changes in project scopeE. None of these are correct3) The accuracy of top-down estimates will typically be in the range ofA. Minus 50% to plus 50%B. Minus 0% to plus 75%C. Minus 20% to plus 60%D. Minus 35% to plus 35%E. Minus 10% to plus 30%4) Design flaws being revealed after the fact, extreme weather conditions, and accidentsoccurring are examples of:A. Hidden interaction costsB. Things going wrong on a projectC. Normal conditions not applyingD. Changes in project scopeE. None of these are correct5) In practice, estimating processes are frequently classified asA. Top down/bottom upB. Rough/polishedC. Precise/order of magnitudeD. Draft/finalE. Both A and B are correct6) Which of the following is a good condition for top-down estimating?A. Cost and time importantB. Fixed price contractC. Customer wants detailsD. Internal, small projectE. All of these are good conditions for top-down estimating7) Janet is forecasting how much money her department needs to support a new project. Sheesti

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