Getting better over time
Part of your project includes building one hundred widgets. You know that it will take longer and be more costly to do the first widget as opposed to the one-hundredth widget because of improved efficiency. This is known as:
A. Historical information
B. Bottom up estimating
C. Learning curve
D. PERT estimating
If you are reading this via email, please click here for the answer.
Related Posts -
Gantt chart weakness You plan on using a project management information system (PMIS) to develop a Gantt chart. One drawback of using a Gantt chart is: A. Finish dates for each project cannot be manually set B. WBS outline cannot be represented C. Relationships between tasks are not displayed D. Only one resource...... -
Time and material contract disadvantage When hiring a supplier with a time and material contract, one concern to be aware of is: A. Supplier is not motivated to reduce cost B. You must have clear scope C. There is usually an increase in change orders D. Work can be incomplete or sloppy if they fall...... -
Lag or lead? Critical path or non-critical path? Although you got your project schedule approved prior to starting it, your client just moved the target finish date up two days. In order to finish the project two days earlier, which of the following can you apply? A. Add two days of lag to the critical path B. Add...... -
Conceptual models While gathering requirements for a new community playground, you realize that the best thing for you to do is to create conceptual models and get approvals from the board after each step. What term best describes the models that you are creating? A. Focus groups B. Pilots C. The Delphi...... -
It's risky if we don't document the risks You are working on a project to build a small bridge near the town entrance and decide to gather risks using the Delphi technique. You know that once you have identified all the risks at this stage, you will have your initial: A. Monte Carlo Simulation B. Risk register C.......
- Let Your Profits Roll In with Persuasive Copywriting You will never be on the losing end with persuasive copywriting as experts like Yanik Silver reveal. Every online entrepreneur knows that this is one of the major keys to...
- Starting a Professional Woodworking Hobby Woodworking is a truly fascinating hobby and you can take it a step further by turning your passion for woodworking into a professional woodworking career. Who does not enjoy the...
- The Stimulus Package And Green Jobs. Dear EarthTalk: What kind of job opportunities might be opened up by the new federal emphasis on green projects? If itâs a U.S. industry that has the potential to be...
- Encouraging Reading Part One: Your Infant I am a big fan of reading, huge, gigantic, enormous. I can add many adjectives to just how big of a fan I am but I think I may have...
- Random Thoughts (Mostly Financial) and Links It's time to clear out some of the random things that are flowing through my mind... The Mission Inn - I'm staying near the Mission Inn in Riverside, CA where...