1. A quantitative assessment of a likely amount or outcome is called an a. Work package b. Commitment c. Estimate d. Change request 2. Characteristics of well documented estimates include which of the following? a. Includes both project and product requirements b. Identifies assumptions, constraints, and methodologies c. Use reliable sources of data d. All of the above 3. The accuracy of the definitive budget is a. 25%+75% b. 10%+25% c. 5%+10% d. None of the above 4. The estimating technique that uses a statistical relationship between unit cost and quantity is called a. Analogy b. PERT c. Monte Carlo d. Expected Monetary Value e. Parametric 5. Work packages that must be complete before another work package can begin is called a a. Predecessor b. Successor c. Node d. Critical 6. Which of the following is not considered a reason for creating any predecessor/successor relationship? a. Money b. Product c. Equipment d. Facility