PMP (Project Management Professional) · Question
A project manager is developing a cost estimate when there is a limited amount of detailed information available. Which estimation technique is most appropriate?
Analogous estimating uses historical data from a previous, similar project and is often used when there is limited detailed information early in the project.
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Question: A project manager is developing a cost estimate when there is a limited amount of detailed information available. Which estimation technique is most appropriate?
Answer options: ✅ Analogous estimating
- Bottom-up estimating
- Parametric estimating
- Three-point estimating
Correct answer: Analogous estimating
Explanation: Analogous estimating uses historical data from a previous, similar project and is often used when there is limited detailed information early in the project.
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- 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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