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Which piece of information below is included in a resource agreement?Effort estimatesTime estimatesDependenciesContingencies

Question

Which piece of information below is included in a resource agreement?Effort estimatesTime estimatesDependenciesContingencies

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Solution

A resource agreement typically includes the following pieces of information:

  1. Effort Estimates: This refers to the amount of work or effort that is expected to be put into a project or task. It is usually measured in hours or days and is used to plan and allocate resources effectively.

  2. Time Estimates: This is an estimation of how long it will take to complete a particular task or project. This is crucial for planning and scheduling purposes.

  3. Dependencies: These are tasks or activities that rely on the completion of other tasks or activities. Understanding dependencies is important for effective project management and scheduling.

  4. Contingencies: These are plans that are put in place to deal with potential problems or risks that may arise during the project. They are important for risk management and can help to ensure that the project stays on track even if unexpected issues arise.

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Which of the following is the least accurate effort estimate? An effort estimate based on assigned resourcesAn effort estimate based on expertise of individualAn effort estimate based on past projectsAn effort estimate for a new process

Which of the following is the longest string of dependent project activities required to complete a project in the shortest amount of time? Effort estimateProject scheduleResource estimateCritical path

All team members need to be included in determining time and effort estimates for which of the following reasons?Time and effort required is primarily dependent upon team members' expertise.The team members need to know these estimates to hire contractors.The team members need to know these estimates to delegate tasks.Time and effort required is primarily dependent upon the project manager's expectations.

Which of the following provides a sequenced plan that estimates the time required to complete project activities and tasks?Project planProject scheduleCommunication planResource plan

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