Devry Proj 592 Week 3 Quiz – Latest Essay

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DeVry PROJ 592 Week 3 Quiz – Latest

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Question 1. Question : (TCO B) Good project cost estimations are critical to a successful project. With that in mind, compare and contrast parametric and reserve analysis as cost estimation techniques. Please provide an example of each. Question 2. Question : (TCO A) A company intends to establish a manufacturing facility by buying an existing factory from a company in the same industry. A state-of-the art manufacturing line with supporting utilities will be established
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Question 3. Question : (TCO E) You are assisting on a project for your organization. An RACI has been created for your project. Your project manager has asked you to interpret the below RACI.
Project Name: HR software design RACI
Activity PM IT HR Testers Sponsor End User
1.1.1 Code software R, A C
2.1.1 A test code R, A
3.1.1 Incorporate changes A R
4.1.1 Roll out software A R R I C

Question 4. Question : (TCO B) You are the project manager for three projects. You are about to estimate costs for these three projects. Given the below information on each project, recommend an appropriate estimation method and justify your answer for each. Project A: This project is new to your company. You do not feel confident in estimating the project costs using internal resources. There are other companies that have done this type of work. Yet you still want the most accurate estimates possible. Project B: The work of this project has not likely been done before by anyone. You are breaking technological barriers in this project. As such, it is imperative you get accurate cost estimates. Project C: This project will be a scale-up of a project done last year. All the same processes will be used. The costs for the material and other resources should be scalable based on last year’s costs.

Question 5. Question : (TCO C) The SuperFlyer Corporation is developing a revolutionary

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