1. This Is an approximate notion of an amount, number or magnitude of something without enumeration of measurement i. GUESS b. Estimate C. Work Breakdown Structure d. Delphi Technique 2. Which of the following is not a generally accepted potential driver of change within a project: a. Uncertainty about requirements b. Specification rovlows C. No project schedule created d. Regulatory changes 3. This document will describe how change will be managed, documented, the change process and how has authority to approve changes: a. Project Charter b. Change Management Plan C. Communication Plan d. Stakeholder Management Plan 4. This estimating technique, also known as the three-point technique, uses three distinct astimates which Include Optimistic, Most Likely and Pessimistic: a. Trigonometry b. Critical Path Technique C. Effort Based Technique d. Weight Average Technique 5. Used to describe a type of task, this is the amount of work required to complete a task and It can be used to estimate the cost of resources: a. Task Duration b. Task Effort c. Task Work d. A Lot of Effort This macro estimating technique typically utilizes analogy, group consensus or mathematical rolationships a. Bottoms-up b. Export judgement c. Top-down d. Back of the envelope 7. During this phase of a project the estimation accuracy should be within +- 10% of the actual value: a. Conceptual b. Final c. Detailed aka. Budget d. Actual Which factors Influence the quality of estimates: a. Planning Horizon b. People c. Project andfor Organizational structure d. All of the above 3. Critical elements of a Change Order Include: a. Description of required change b. Recommended direction on how to proceed c. CostiSchedule Impact of change d. All of the above 10. This micro estimating technique relies upon estimates from elements of the work breakdown structure: a. Bottoms-up b. Export judgement c. Top-down d. Back of the envelope11. Using the weighted average technique to compute the estimate for the time required to complete this exam given the following values Optimistic= 15 minutes, Most Likely 22 minutes, Pessimistic= 45 minutes: a. 26 minutes b. 32 minutes 37 minutes 41 minutes 12. This term refers to the planned cost of the total amount of work scheduled to be performed by the milestone date: a. Actual Cost b. Planned Value C. Earned Value d. Schedule Performance Index 13. This estimating technique extracts the collective wisdom of a group to arrive at an accurate estimate and requires each person to provide an estimate. Values on the outer quartiles must be explained by the person who provided the estimate: a. Delphi Technique b. Contingency Technique c. Verification Technique d. Bench Test Technique 14. This estimating technique, also known as the object based method, involves identifying an item to be estimated, estimating the number of items, estimating the effort per item then multiplying: a. Time Based b. Parametric Method C. Expert Judgment d. QuesstimatingUse the information below to complete the Earned Value Exercise questions #15 through #25: You have secured a contract with Penguin Random House Publishers to write your autobiography. Your compensation for completing this book is $150,000 and the contract stipulates that the book be a total of ten chapters in length. You are expected to write each chapter in a two-week period therefore you are expected to complete the book within 20 weeks. You are currently at the beginning of the 8th week of the contract and you have finished 3.5 chapters. To date you have spent a total of $45,000. 15. The Earned Value (EV) = $ 16. The Planned Value (PV) = $ 17. The Actual Cost (AC) = $ 18. The Budget at Completion (BAC) = $ 19. The Cost Variance (CV) = $ 20. The Schedule Variance (SV) = $ 21. The Cost Performance Index (CPI) = 22. The Schedule Performance Index (SPI) = 23. The Estimate at Completion (EAC) = $ 24. The Estimate to Complete (ETC) = $ 25. The Variance at Completion (VAC) = $1. Describe how joint ventures can help an entrepreneur grow their business. 2. What are the pros and cons of using acquisitions to grow a business and to know what to look for in an acquisition candidate? 3. What is a leveraged buyout? 4. Describe how firms can achieve growth through mergers and leveraged buyouts and the challenges associated with each. 5. What is the chief risk associated with leveraged buyouts