A Project Manager Bases His Time and Labour Estimates on a Learning

question 38

True/False

A project manager bases his time and labour estimates on a learning curve of 86%. The actual learning curve turns out to be 89%. The manager, because of the decreased learning, will complete his project in more time and with more labour use.

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Definitions:

Return

The gain or loss of a security in a particular period, including any dividends or interest, expressed as a percentage of the investment's initial cost.

Pay

The act of giving money in exchange for goods, services, or to fulfill a financial obligation.

Mutual Fund

A mutual fund is an investment vehicle made up of a pool of funds collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets.

Annual Return

The percentage gain or loss on an investment over a one-year period.