responses with questions to facilitate participation.)
1. What are the processes and key outputs of cost management?
Three processes of cost management have their own key outputs. According to Marchewka (2009), those processes are:
"Cost estimating - Based upon the activities, their time estimates, and...
3. What are the differencesbetweenbottom-up and top-downestimatingapproaches? Under what conditions would you prefer one over the other?
Top-down estimates usually are derived from someone who use experience and /or information to determine the project duration and total cost. Bottom-up estimates...
The final chapter focuses on what it means to be managing at the frontier by describing the uncertainty surrounding decision making. The case was made that managers can use the decision guides developed in chapter 1 as well as current and future stakeholders to serve as guidelines to help manage...
Comparative Analysis of Top–Down and Bottom–up Methodologies for Multi–Agent System Design
Dept. Computer Science Cal State Los Angeles Los Angeles, CA
Information Sciences Institute Univ. of Southern California Marina del Rey, CA
Maximum time allowed 3 hours.
I may say “give 5 types of ‘things’”
Like estimation techniques or methodologies
I may ask ‘Tell me two approaches to X’
Especially interested in the pros & cons
You did your readings, yes?
Text & class slides
Review – Estimate & Schedule
Four primary steps
– The process of forecasting or approximating the time and cost of completing project deliverables. – The task of balancing the expectations of stakeholders and the need for control while the project is implemented
• Types of Estimates
– Top-down (macro)...
1. Define a project. What are five characteristics that help differentiate projects from other functions carried out in the daily operations of the organization?
A project is a complex, no routine, off-time effort limited by time, budget, resources, and performance specifications designed...
Primary Investment Process, only the Fundamental approach is shown to significantly add value.
There are two main approaches used in the selection of stocks in actively managed equity portfolios. The first is the traditional approach which is based on fundamental analysis...
* Pert method
* Gantt model
* Risk and cost
3 main issues in project management: TIME QUALITY COSTS
What is a project?
“A complex, non-routine, one-time effort limited by time, budget, resources, and performance specifications designed to meet customer...
projects because projects encompass the latest advances. Project complexity has increased the need to integrate divergent technologies.
h. Triple bottom line (planet, people, profit)
iii. The threat of global warming has brought sustainable business practices to the forefront. The impact of...
PROJECT MONITORING AND CONTROL 26
ESTIMATING METHODS 28
COMMON METHODS FOR ESTIMATING PROJECT DURATION AND COST 28
OFF THE SHELF ESTIMATION SOFTWARE APPLICATIONS 31
ADVANTAGES AND DISADVANTAGES OF THE METHODS 34
RECOMMENDATIONS TO IMPROVE PROJECT ESTIMATING PROCESS 37
APPENDIX A 38
AN INTRODUCTION TO SECURITY VALUATION
Answers to Questions
1. The top-down valuation process begins by examining the influence of the general economy on all firms and the security markets. The next step is to analyze the various industries in light of the economic environment. The...
to come up with different techniques for estimation phase of the project, in order to make the estimation more accurate.
PERT (Program Evaluation and Review Technique) is one of the successful and proven methods among the many other techniques, such as, CPM, Function Point Counting, Top-Down Estimating...
a number of standard
bodies of knowledge (BOK). What is a BOK and what is the purpose of
it? Name at least two BOKs and discuss their underlying assumptions. (4 points)
Basis for Project Management Systems
Guidance for common ground between projects (for PM and Team)
Framework of best practices
II. Stress Testing: A Primer.................................................................................................................. 8
A. What Is Stress Testing? .............................................................................................................. 8
B. The Typology...
Project Management Basics
What is a Project?
A project is a one time time-bound effort to create a unique product or service. Projects usually include constraints and risks regarding cost, schedule or performance outcome.
What is Project Management?
Project management is a set of principles,...
human-powered join) . One important but untouched area of
research is in building crowd-powered optimizers.
Our previous work looked at the problem of estimating the cost
of sort and join operators in crowd databases . Given these
costs, one fundamental problem that remains to be addressed to allow optimization...
consider both approaches. The second and equally important issue is how to assess a company’s exposure to country risk and we will emphasize two points. The first is that not all companies in an emerging market are equally exposed to country risk and that we need to differentiate between firms. The second...
❚ Why should you read this book? (p. 4)
❚ How are your perceptions determined by processes that
you are unaware of? (p. 5)
❚ What is the differencebetween perceiving something
and recognizing it? (p. 8)
❚ How can we measure perception? (p. 12)
I magine that you have been given the following...
What is the primary function of a bank?
To act as an intermediary in the transfer of funds between depositors and borrowers.
What are the banking book and trading book?
The banking book is the bank’s portfolio of retail-related assets such as commercial loans, retail loans, mortgages and retail deposits...
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