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A project manager must use the same method of estimating level of effort (LOE) throughout the entire project in order to maintain consistency. 

Match the correct definitions for each of the four methods of work estimating described in our lesson.  

The Level of Effort (LOE) for a project deliverable is 80 person-days.  You as the Project Manager assign 8 team members to work on the deliverable full-time (i.e., 8 hours per day).  Therefore, the Level of Effort (LOE) is reduced to 10 person-days.  

A project manager may choose to use different methods of estimating level of effort (LOE) to determine the LOE for the project.   

The Level of Effort (LOE) for a project deliverable is 45 person-days.  In other words, the deliverable would take 1 person 45 days to complete. 

When discussing work estimating (i.e., determining the Level of Effort (LOE)), a “day” usually means “person-day.”  

Using the following borrower information, what is the borrowers savings ratio? Monthly Gross Income $8,000 Monthly Savings $400  

Which best describes this individual’s net worth: Total Assets $1,000,000 Total Liabilities $875,000 With: 1. Assets centered in a primary residence with a high-loan-to value ratio, i.e., highly leveraged with debt  2. Limited cash/cash equivalents   

Which of the following tend to be budget busters for most people: No children [a1] Discretionary spending [a2] Dining out frequently [a3] Impulse purchases [a4] Too much home or car [a5] Kids attending public schools [a6] Hobbies [a7] Daily Starbucks coffee [a8] Spending on needs [a9] Private Schools [a10]

Using the following borrower information, what is the borrowers mortgage debt service payment ratio? Monthly Gross Income $7,500 Monthly Mortgage Payment $2,100