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Test Your Knowledge Time Estimation Quiz Answer

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Test Your Knowledge Time Estimation Quiz Answer

Question 1) What are the benefits of providing accurate time estimates for individual tasks? Select all that apply.

  • They establish a better sense of the overall project timeline.
  • They help you predict if a milestone may go over a deadline.
  • They help you accurately track task progress.
  • They enable you to avoid purchasing expensive project management software.

Question 2) As a project manager, you try to get an accurate time estimate for a task by communicating with an expert. After considering their time estimate, you are unsure if it includes all steps of a task, so you ask them to explain each step in detail.

What strategy for getting an accurate time estimate did you choose?

  • Check the expertโ€™s estimates against the actual time spent on similar tasks in previous work.
  • Check the expert’s understanding of the task.
  • Ask the expert how likely they think it is that an assumption might not work out and how it would affect their estimate.
  • Assess the expertโ€™s confidence level in their estimate.

Question 3) As a project manager, you try to get an accurate time estimate for a task by communicating with an expert. After receiving their time estimate, you ask questions like, โ€œWhat equipment do you suppose youโ€™ll have?โ€ and โ€œHow many people do you expect to work on the task?โ€

What strategy for getting an accurate time estimate did you choose?

  • Check the expertโ€™s estimates against the actual time spent on similar tasks in previous work.
  • Ask the expert how likely it is that assumptions they have might not work out and how it would affect their estimate.
  • Assess the expertโ€™s confidence level in their estimate.
  • Discuss the assumptions the expert may be making when they give an estimate.

Question 4) As a project manager, you try to get an accurate time estimate for a task by communicating with an expert. You ask them to think back to a task that resembles the one for this project and describe what was the same, what was different, and if thinking about this previous task changes their estimate.ย 

What strategy for getting an accurate time estimate did you choose?

  • Check the expertโ€™s estimates against the actual time spent on similar tasks.
  • Discuss the assumptions the expert may be making when they give an estimate.
  • Ask the expert how likely they think it is that their assumptions might not work out and how it would affect their estimate.
  • Check their understanding of the task.

Question 5) What type of time estimate considers how long it takes to complete a task, plus the time it takes to test the product?

  • Total duration estimate
  • Conservative estimate
  • Effort estimate
  • Timeline estimate