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