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NEW QUESTION: 1
Sam is the project manager for his organization. His project is not doing well on project schedule performance, and management wants him to predict how the project schedule and cost will end.
Management has asked Sam to report and forecast his project's performance based on the Delphi Method, scenario building, technology forecasting, and to forecast by analogy. What forecasting method is management asking Sam to use?
A. Judgmental methods
B. Time series methods
C. Earned value management method
D. Causal/econometric methods
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Answer option B is correct.
Management is asking Sam to use the judgmental methods to predict how the project will finish on time and cost.
The judgmental forecasting method incorporates intuitive judgments, opinions and subjective probability estimates. Some examples of judgmental forecasting are as follows:
Composite forecasts
Surveys
Delphi method
Scenario building
Technology forecasting
Forecast by analogy
Answer option A is incorrect. Time series methods of forecasting use earned value management, moving average, extrapolation, linear prediction, trend estimation, and growth curve.
Answer option D is incorrect. The earned value management method is actually a part of the time series forecasting method.
Answer option C is incorrect. The causal/econometric methods use linear and non-linear regression, autoregressive moving average, and econometrics.
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition" Chapter: Procurement and Project Integration Objective: Forecasting and Integrated Change Control
NEW QUESTION: 2
Scenario
A. Option C
B. Option F
C. Option A
D. Option E
E. Option D
F. Option B
Answer: A
Explanation:
First navigate to the Connection Profiles tab as shown below, highlight the one with the test alias:
Then hit the "edit" button and you can clearly see the Sales Group Policy being applied.
NEW QUESTION: 3
Answer:
Explanation:
Explanation
