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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  

Analyze/evaluate the following FSR’s to answer questions 1-3 : Net Cash Flow                                           Negative ($500/month)Mortgage Debt Service Ratio                   40% of Gross IncomeTotal Debt Service Payment Ratio           55% of Gross IncomeSavings Ratio                                             1% of Gross IncomeCash Emergency Fund                              1 month of living expenses & debt payments 1. Are there any ratios that need addressing/correcting? 2.  How is this borrower managing their finances? 3.. Which 2 financial standing ratios are the most important to correct and why?