1. You have used the three-point method to estimate the duration of an

activity that you know will be critical to the project. The estimate pro-

duces a very large difference between the optimistic and pessimistic

estimates. What actions might you take, if any, regarding this activity?

2. Discuss a project on which you've worked where time was the major fac-

tor in determining the success or failure of the project. What did you do

about cost considerations? Did the sponsor(s) agree with the added cost?

Was the project successful?

3. Prepare a simple budget showing an order of magnitude estimate, a bud-

get estimate, and a definitive estimate. What did you have to do to make

each successive budget closer to the final working

4.Even though all of vour tasks have met the WBS completion criteria, what

scheduling problems might prompt you to further decompose one or

more of them, and how will that resolve the problems?