Which method used to revise estimates of future project costs allows experts in the field to change original baseline durations and costs because new information tells them the original estimates are not accurate?Multiple choice question.EACfEACreTCPI

Which type of project cost estimate is the most accurate?a.Order of magnitudeb.Preliminaryc.Conceptuald.Definitive

In essence, EAC helps project managers forecast the total cost of the project based on its current performance

Name three basic tools and techniques used for project cost estimatio

If a change in estimate of depreciation expense is made, when should there be a correction of previously recorded depreciation expense?Select answer from the options belowalwayssometimesneverdepends on which estimate is changed

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. What strategy for getting an accurate time estimate did you choose?1 pointCheck their understanding of the task.Discuss the assumptions the expert may be making when they give an estimate.Check the expert’s estimates against the actual time spent on similar tasks.Ask the expert how likely they think it is that their assumptions might not work out and how it would affect their estimate.