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NEW QUESTION: 1

A. Option E
B. Option D
C. Option C
D. Option A
E. Option B
Answer: A,B,C

NEW QUESTION: 2
Which definition is the best description of collaboration?
A. people working together to reach a common goal
B. software and tools that enable teamwork
C. working together remotely
D. video and chat applications running via the Internet
Answer: B

NEW QUESTION: 3
In which of the following forecasting techniques is an attempt made to develop forecasts through group consensus?
A. Judgmental forecasting method
B. Time series method
C. Casual/econometric method
D. Delphi technique
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Answer option C is correct.
This approach uses rounds of anonymous surveys to generate a consensus of project risks. Delphi is a technique to identify potential risk. In this technique, the responses are gathered via a questionnaire from different experts and their inputs are organized according to their contents. The collected responses are sent back to these experts for further input, addition, and comments. The final list of risks in the project is prepared after that. The participants in this technique are anonymous and therefore it helps prevent a person from unduly influencing the others in the group. The delphi technique helps in reaching the consensus quickly.
Answer option D is incorrect.The casual/econometric forecasting method uses the assumption that it is possible to identify the underlying factors, which might influence the variable being forecasted. For example, sales of umbrellas might be associated with weather conditions. If the causes are understood, projections of the influencing variables can be made and used in the forecast. Some examples of casual/ econometric forecasting method are as follows:
Regression analysis using linear regression or non-linear regression

Autoregressive moving average (ARMA)

Autoregressive integrated moving average (ARIMA)

Econometrics

Answer option A is incorrect. Time series methods use historical data as the basis of estimating future outcomes. This category includes earned value, moving average, extrapolation, linear prediction, trend estimation, and growth curve.
Answer option B is incorrect. The judgmental forecasting method incorporates intuitive judgments, opinions and subjective probability estimates. Some examples of judgmental forecasting are as follows:
Composite forecasts

Surveys

Delphi method

Scenario building

Technology forecasting

Forecast by analogy

Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth edition" Chapter: Procurement and Project Integration Objective: Forecasting and Integrated Change Control