When Estimating Project Time Schedules Using Industry Standards for a Systems

question 68

True/False

When estimating project time schedules using industry standards for a systems project, the following values are acceptable: 15% for planning, 25% for analysis, 50% for design, and 10% for implementation.

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Definitions:

Environmental Scan

The process of collecting and analyzing external and internal data to understand the market environment, including trends, opportunities, and threats.

Action Analysis

The process of examining and breaking down the actions required to achieve a particular goal or objective.

Situational Analysis

The process of identifying internal and external factors that can affect an organization's performance, often as a part of strategic planning.

Data Warehouse

A centralized repository of integrated data from one or more disparate sources, used for reporting and data analysis.