Which of the following best explains how estimation helps prevent project failures related to scope?
Think about how knowing the effort needed can help control what is included in the project.
Estimation helps teams understand how much work is involved, which sets realistic limits on what can be done. This prevents adding extra tasks that cause delays or failures.
Why does accurate estimation reduce the risk of project failure related to resource shortages?
Consider how knowing what is needed ahead of time helps avoid running out of resources.
Accurate estimation predicts resource needs, so managers can prepare and allocate them properly, preventing delays caused by shortages.
What is the most likely outcome if a project has poor time estimation?
Think about what happens when you plan for less time than needed.
Underestimating time causes schedules to slip, costs to rise, and deadlines to be missed, increasing the chance of failure.
Which estimation method is most effective in preventing project failures caused by unexpected risks?
Think about how including uncertainty helps prepare for surprises.
Range estimates account for possible variations, helping teams plan for risks and avoid failures caused by unexpected problems.
A project manager estimates a software project will cost $100,000 but does not include contingency for unexpected expenses. What is the likely result?
Consider what happens when unexpected costs arise without a financial buffer.
Without contingency, unexpected expenses cause budget overruns, risking project failure.