Assessment Task 1 Instructions Provide answers to all of the questions below: 1. Describe the following methods for estimating task duration and resource requirements a. Analogous Estimating b. Parametric Model Estimating c. 3 Point Estimating d. Expert Judgment Estimating g. Bottom Up Analysis 2. Explain how the critical path used to identify how long a project will take to complete? 3. Explain how to manage adjustments to a project baseline due to a major change to scope or cost. 4. Explain how project variance is most effectively managed. 5. Identify and summarise three tools or techniques that are used for managing project time, and summarise their applications 6. Explain how effective time management can keep a project's cost down. Give one example of effective planning keeping expenses to a minimum. 7. Explain how effective time management can make the best use of a project's resources. Give one example of effective planning keeping resource use to a minimum. 8. Explain how effective time management can affect a project's risk. Give one example of effective planning keeping risk use to a minimum 9. Explain a Work Breakdown Structure in details. 10. List and explain at least two (2) techniques that can be