Describe the Ideal Approach for a Project Manager to Develop

question 89

Essay

Describe the ideal approach for a project manager to develop optimal estimates for a project's time and costs.

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Definitions:

Psychometric Approach

A method in psychology focused on the measurement of mental functions, personality, and behavioural traits through standardized tests and assessments.

Representative Sample

A sample that accurately reflects the characteristics of the population from which it is drawn.

Survey

A method of gathering information from a sample of individuals, often used to collect data on opinions, behaviors, or characteristics.

Population

A group of individuals of the same species living and interacting within a given area at a particular time.