PMP (Project Management Professional) · Question
A project manager is developing a cost estimate for a new, unique project. Which estimation technique would likely provide the most accurate, but also most time-consuming, estimate?
Bottom-up estimating involves estimating individual work package or activity costs and then rolling them up, resulting in higher accuracy but more effort.
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Question: A project manager is developing a cost estimate for a new, unique project. Which estimation technique would likely provide the most accurate, but also most time-consuming, estimate?
Answer options: ✅ Bottom-up estimating
- Analogous estimating
- Parametric estimating
- Three-point estimating (PERT)
Correct answer: Bottom-up estimating
Explanation: Bottom-up estimating involves estimating individual work package or activity costs and then rolling them up, resulting in higher accuracy but more effort.
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Question explanations
- What is the primary output of the 'Direct and Manage Project Work' process?
- Which project management approach emphasizes frequent communication, self-organizing teams, and adapting to ch
- Which of the following is an output of the 'Develop Project Charter' process?
- Which type of risk response strategy involves shifting the impact of a threat along with ownership to a third
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