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CBAP · Question #290

Which of the following is an estimate based on past projects to predict the current cost and/or duration of the current project?

The correct answer is D. Top-down estimate. A top-down estimate, also called analogous estimating, uses historical data from completed past projects to forecast the cost or duration of the current project.

Business Analysis Planning and Monitoring

Question

Which of the following is an estimate based on past projects to predict the current cost and/or duration of the current project?

Options

  • ACurrent estimate
  • BPast project cost
  • CPast estimate
  • DTop-down estimate

How the community answered

(48 responses)
  • A
    13% (6)
  • B
    2% (1)
  • C
    6% (3)
  • D
    79% (38)

Why each option

A top-down estimate, also called analogous estimating, uses historical data from completed past projects to forecast the cost or duration of the current project.

ACurrent estimate

A current estimate refers to the estimate being developed now for the ongoing project, not one derived from past project data.

BPast project cost

Past project cost is raw historical data, not an estimating technique applied to predict future project outcomes.

CPast estimate

'Past estimate' is not a recognized estimating technique; it describes a previous guess rather than a methodology using historical project performance.

DTop-down estimateCorrect

A top-down estimate (analogous estimating) relies on actual values from previous similar projects as the basis for estimating the current project's cost and/or duration. It is applied early in the project when detailed information is limited, making it a quick but less precise technique that leverages expert judgment and historical records.

Concept tested: Analogous estimating using historical project data

Source: https://www.pmi.org/learning/library/analogous-estimating-project-management-6362

Topics

#analogous estimating#top-down estimate#cost estimation#estimation techniques

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