Get premium membership and access questions with answers, video lessons as well as revision papers.
- The cost estimating process is used to develop accurate cost estimates for the resources needed to complete each activity of the project
- The human resource time estimates have already been done, so in this part of the process simply apply the relevant burden rate for each selected resource
- Next, accurate cost estimates need to be created for all types of resources not just human resources such as: materials, equipment, and facilities
- Remember cost estimating is done in a progressive elaboration manner
francis1897 answered the question on March 14, 2023 at 08:29
- Discuss the basic principles of cost management(Solved)
Discuss the basic principles of cost management
Date posted: March 14, 2023. Answers (1)
- Briefly describe the cost management planning processes(Solved)
Briefly describe the cost management planning processes
Date posted: March 14, 2023. Answers (1)
- Define the term cost management planning(Solved)
Define the term cost management planning
Date posted: March 14, 2023. Answers (1)
- Describe the Gantt chart(Solved)
Describe the Gantt chart
Date posted: March 14, 2023. Answers (1)
- How can you level benefits?(Solved)
How can you level benefits?
Date posted: March 14, 2023. Answers (1)
- What are the resource leveling activities?(Solved)
What are the resource leveling activities?
Date posted: March 14, 2023. Answers (1)
- Describe the resource loading and leveling as a tool used for schedule development(Solved)
Describe the resource loading and leveling as a tool used for schedule development
Date posted: March 14, 2023. Answers (1)
- Describe the critical chain scheduling as a tool used for schedule development(Solved)
Describe the critical chain scheduling as a tool used for schedule development
Date posted: March 14, 2023. Answers (1)
- State the importance of updating critical path data(Solved)
State the importance of updating critical path data
Date posted: March 14, 2023. Answers (1)
- State some of the techniques used for shortening a project schedule (Schedule Analysis)(Solved)
State some of the techniques used for shortening a project schedule (Schedule Analysis)
Date posted: March 14, 2023. Answers (1)
- Define the methods used to find the critical path(Solved)
Define the methods used to find the critical path
Date posted: March 14, 2023. Answers (1)
- Describe the Critical Path Method (CPM) as a tool used for schedule development.(Solved)
Describe the Critical Path Method (CPM) as a tool used for schedule development.
Date posted: March 14, 2023. Answers (1)
- Describe Program Evaluation and Review Technique (PERT) as a tool used for schedule development(Solved)
Describe Program Evaluation and Review Technique (PERT) as a tool used for schedule development
Date posted: March 14, 2023. Answers (1)
- What are the benefits of schedule development?(Solved)
What are the benefits of schedule development?
Date posted: March 14, 2023. Answers (1)
- What are the issues that arise with COCOMO?(Solved)
What are the issues that arise with COCOMO?
Date posted: March 14, 2023. Answers (1)
- State the advantages of COCOMO(Solved)
State the advantages of COCOMO
Date posted: March 14, 2023. Answers (1)
- What are the COCOMO levels?(Solved)
What are the COCOMO levels?
Date posted: March 14, 2023. Answers (1)
- Describe effort sizing(Solved)
Describe effort sizing
Date posted: March 14, 2023. Answers (1)
- Describe the techniques for estimating time(Solved)
Describe the techniques for estimating time
Date posted: March 14, 2023. Answers (1)
- What are the issues with function points?(Solved)
What are the issues with function points?
Date posted: March 14, 2023. Answers (1)