Asked by Deanne Pawhay on Jun 20, 2024
Verified
Which of the following is true about estimations of activity durations?
A) The person responsible for the work will most likely exclude extra time.
B) The person with the most knowledge is the most objective person to provide duration estimates.
C) The larger and more complex the project, the greater the need for detail, which usually translates into longer durations for activities.
D) Multiple inputs into the duration estimate increase bias.
E) The accuracy of an estimate is related to the quality of the knowledge and how that knowledge is applied.
Estimations
Approximations or educated guesses about a project's timescales, costs, and resources, based on available data and experience.
Activity Durations
The total time taken from the start to the finish of an activity.
Estimate
An estimated assessment or determination of the worth, amount, size, or scope of something.
- Understand estimation to be a reasoned conjecture drawing upon knowledge, past experiences, and actual data.
Verified Answer
MG
Miranda GregoryJun 21, 2024
Final Answer :
E
Explanation :
The accuracy of an activity duration estimate is dependent on the quality of the knowledge and how that knowledge is applied. The more accurate the knowledge, the more likely the estimate will be accurate. Therefore, E is the correct option. A, B, C, and D are not accurate statements regarding activity duration estimation.
Learning Objectives
- Understand estimation to be a reasoned conjecture drawing upon knowledge, past experiences, and actual data.