A consensus method means the method of estimating when the pooled experience of managers are used to estimate the total project duration.
<h3>What is a
consensus method?</h3>
This refers to the method of determining the extent to which experts or lay people agree about a given issue.
Hence, the the method of estimating when the pooled experience of managers are used to estimate the total project duration is known as a consensus method.
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The questions to be answered before making a purchase are
the following;
<span>·
</span>What problems are most likely to happen? – an individual
should think of the problems that may arise based on his or her decisions
<span>·
</span>What could go wrong? – the individual should not
only be concerned with the purchase but what might happen after
<span>·
</span>What problems could be most damaging? – choices are
made available and to think about in order to think whether your choices could
cause problems or harm
An issue log is simply known as a type of documentation element of software project management Using an issue log keeps a record of any inconsistencies from the initial requirements of a project.
- The issue log is known to have a list of ongoing and closed issues concerning project.
This type of logs can be seen as a way to track errors in any project.
It consist of name of the person who solve the problem, the date or time of the issue, the issue's priority and status and the date or time that the problem was resolved.
An issue log is also regarded as a simple list or spreadsheet that managers use to monitor the issues that arise in a project.
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Answer: The Rate of return earned by Investment G is 8.37%, while the rate of return earned by investment H is 8.54%.
We have
Investment G Investment H
Future Value of returns 151000 271000
No. of years 7 14
Costs 86000 86000
Rate of Return Formula :
Substituting we get ,
Investment G
RoR = 8.37%
Investment H
RoR = 8.54%
