Three Point Estimation: The Most Pessimic Estimates

are more uncertain than the others? How could uncertainty be worked into the analysis? Is

The questions in this instrument are weighted a numerical value of zero to three, with three being the highest score on each question.

1. What is the estimated project completion date? (Assume there are no holidays and ignore the sunk cost of the planning team’s effort)

This would take approximately 40 days using a five-day work week. I figured this out by taken each task step by step and adding them together since site preparations will take 3 days, plus setting building footers another 3 days which now equal 6 days. Then I will add the foundation 5 days, plus another 3

There are two general categories of phase III procedures. Analytical procedures use comparisons and relationships to assess whether account balances or other data appear reasonable. For example, to provide some assurance for the accuracy objective for both sales transactions (transaction-related audit objective) and accounts receivable (balance-related audit objective), the auditor might examine sales transactions in the sales journal for unusually large amounts and also compare total monthly

Another major strength of the MCMI-III over its competitor, the MMPI-2, is its short length (Groth-Marnat, 2009). The MCMI-III is a much shorter test, as it is compiled of 175 items compared to the 567 items on the MMPI-2. Moreover, the MCMI-III only takes up to 30 minutes to administer, where as the MMPI-2 has received multiple criticisms that it

2. The Impression in data: Larger the cell less is the error, smaller the cell more is the error.

A project has been estimated to take six weeks and cost $130,000. Cost and percent complete data are provided in the table below through 3 weeks of the project. % scheduled data can be obtained from the Gantt chart following the table.

6. Comprehensive Analysis – No complicated analyzing necessary. This system makes it easy and does this faster than doing

The more times an experiment is done, the more reliable the answer becomes. Therefore, three replications are done in order to reduce the error.

Initial projections show that the current schedule will take 50 weeks to finish with a final budget estimate of $3.152 million. Although the project estimate comes in under budget, the time frame for completion extends beyond the acceptable 45

Each question is marked out of 25%. The technique and detail parameter was subtracted from the paper directly used as a instruction and reference.

Initial projections show that the current schedule will take 50 weeks to finish with a final budget estimate of $3.152 million. Although the project estimate comes in under budget, the time frame for completion extends beyond the acceptable 45

5. From the information we get above, I would recommend an order quantity that can maximize the expected profit, and it can be calculated by the formula below: P(Demand<=Q) = C1/(C1+C2).

Given consideration to all of the known information given to this evaluator and the multiple