Which three techniques can be estimate costs?

The correct answer is D. Expert judgment, analogous estimating, and bottom-up estimating. Expert judgment, analogous estimating, and bottom-up estimating are all legitimate tools and techniques in the Estimate Costs process. Expert judgment draws on specialized knowledge; analogous estimating uses historical data from similar projects; bottom-up estimating aggregates

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Question

Which three techniques can be estimate costs?

Options

AFinancing, bottom-up estimating, and expert judgment
BCost aggregation, analogous estimating, and financing
CExpert judgment, financing, and cost aggregation
DExpert judgment, analogous estimating, and bottom-up estimating

How the community answered

(19 responses)

C
5% (1)
D
95% (18)

Explanation

Expert judgment, analogous estimating, and bottom-up estimating are all legitimate tools and techniques in the Estimate Costs process. Expert judgment draws on specialized knowledge; analogous estimating uses historical data from similar projects; bottom-up estimating aggregates individual work package costs. Financing is an input (a source of funding), not a technique for estimating costs. Cost aggregation is a technique used in Determine Budget (summing work package costs into the cost baseline), not Estimate Costs. Options A, B, and C all incorrectly include financing or cost aggregation as estimation techniques.

Topics

#Cost Estimating#Estimating Techniques#Analogous Estimating#Bottom-Up Estimating

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