Answered step by step
Verified Expert Solution
Question
1 Approved Answer
QUESTION 1 You are a brand new project manager in a balanced matrix environment. Your organization has in the past demonstrated a desire to
QUESTION 1 You are a brand new project manager in a balanced matrix environment. Your organization has in the past demonstrated a desire to be risk averse. You project sponsor has requested a cost estimate from you for a new IT project. She would like the cost estimate to be as accurate as possible. Your best decision would be to use: O Analogous estimating techniques Bottom up estimating techniques Top down estimating techniques Expert judgment techniques QUESTION 2 Analogous estimating is: more reliable and less costly than other techniques more reliable than parametric estimating, less reliable than bottom-up estimating less reliable than parametric estimating and more costly top down estimating that is least reliable when the persons preparing the estimates don't have the required expertise
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started