When someone uses experience and/or information from others to determine the project duration and total cost, ____________ estimating is being used.

An activity’s normal time and cost are 12 and $150, respectively. Its estimated crash time and cost are 9 and $300, respectively. This activity’s crash cost per time unit is ________.

A good starting point for developing time and cost estimates is

An activity on a PERT network has these time estimates: optimistic = 2, most likely = 3, and pessimistic = 8. What is its weighted average activity time and variance?

________ activities must be completed immediately before a particular activity.

Which of the following is a good condition for bottom-up estimating?

In a project network, recycling through a set of activities or __________ is not permitted.

A network has only one critical path and the slack for noncritical activities is high. This network would appear to have a _______ level of sensitivity

Calculate the direct cost of labor for a project team member using the following data:Hourly rate: $50/hrHours needed: 120Overhead rate: 40%

Companies are using which of the following for improving the estimating process for future projects?