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

question 65

True/False

A project manager bases his time and labor 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 labor use.

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Definitions:

Discount

The excess of the face amount of bonds over their issue price or the excess of the par value of stock over its issue price.

Premium on Bonds Payable

The amount by which a bond's selling price exceeds its face value or par value.

Contract Rate

This term typically refers to the interest rate agreed upon in a financial or loan agreement.

Market Rate

The prevailing interest rate available in the marketplace on investments, loans, or savings.