Critical Thinking Questions Case 12-2 in Your Work in the IT

question 68

Multiple Choice

Critical Thinking Questions Case 12-2 In your work in the IT department, you are charged with asking the difficult questions about the feasibility of new systems as they are being developed. Knowing that you are an expert on feasibility assessment, a colleague has come to you for advice on an issue of schedule feasibility. His project deadline has been adjusted twice before and cannot be extended again. What is an option for him?

• A) Creating a new schedule
• B) Reducing the project scope
• C) Increasing the project creep
• D) Performing a payback analysis

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Definitions:

Mean Square Error

A metric that measures the average of the squares of the errors—that is, the average squared difference between the estimated values and the actual value.

Total Sum

The aggregate value obtained by adding all the numbers in a set of values.

Observations

Data points or individual pieces of information collected during a study or experiment.

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter at a given confidence level.