The project manager is working in the processes of Project Resource Management. Which process is the project manager developing if they are using parametric estimation?

The correct answer is B. Estimate Activity Resources. Parametric estimating is a tool and technique specifically listed for the Estimate Activity Resources process within Project Resource Management. In this context, it uses statistical or algorithmic relationships between historical data and variables (e.g., hours per unit, staff…

Predictive, Plan-Based Methodologies

Question

The project manager is working in the processes of Project Resource Management. Which process is the project manager developing if they are using parametric estimation?

Options

APlan Resource Management
BEstimate Activity Resources
CEstimate Costs
DAcquire Resources

How the community answered

(23 responses)

B
91% (21)
C
4% (1)
D
4% (1)

Explanation

Parametric estimating is a tool and technique specifically listed for the Estimate Activity Resources process within Project Resource Management. In this context, it uses statistical or algorithmic relationships between historical data and variables (e.g., hours per unit, staff per deliverable) to calculate resource quantities needed. Plan Resource Management (A) focuses on how to approach and conduct resource management activities. Estimate Costs (C) is in Project Cost Management, not Resource Management, though parametric estimating is also used there. Acquire Resources (D) is about obtaining the team and physical resources, not estimating them.

Topics

#Project Resource Management#Estimate Activity Resources#Parametric Estimation#PMBOK Processes

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