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Project resources can only be people (project team members). 

Project resources often refers to people (project team members). 

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