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Question 1 of 5
We consulted nine expert stakeholders for their best estimates for the duration for a key project task.
Calculate the mode from their following range of estimates:
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Question 2 of 5
We consulted nine expert stakeholders for their best estimates for the duration for a key project task.
Calculate the median from their following range of estimates:
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Question 3 of 5
We consulted nine expert stakeholders for their best estimates for the duration for a key project task.
Calculate the mean from their following range of estimates:
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Question 4 of 5
Past performance suggests that freighting a widget from New York to Sydney usually takes about 10 days; however, if the planets align correctly, it can arrive in as few as seven.
Once though, it actually took 25 days to arrive, and the project it was necessary for suffered as a result.
Using the three-point estimate formula, how much time should the project team allow in their schedule for the widget to arrive?
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Question 5 of 5
You overhear the following conversation:
Project Manager: How long does it usually take to get this form approved?
Clerk: It says 5 days on the form.
Project Manager: Does it ever take longer?
Clerk: Well, sometimes it can take as long as 2 weeks.
Project Manager: And what if we need it urgently?
Clerk: We could possibly finish it in 2 days, but I’m not making any promises.
Using the three-point estimating technique, how long should you allow for approval in the project schedule?
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