PMI-SP · Question #247
You are the project manager of the NHQ project. This project is slightly larger than the TR project, in which you also served as the project manager. You decide to use the actual activity duration…
The correct answer is A. You are creating an analogous estimate. This is an example of analogous estimate as you are creating an analogy between two similar projects. This estimating approach is also known as a top-down estimate type, and is somewhat Answer option C is incorrect. Expert judgment relies on experts, consultants, or subject…
Question
You are the project manager of the NHQ project. This project is slightly larger than the TR project, in which you also served as the project manager. You decide to use the actual activity duration of the GTR project as a basis for your current NHQ project. This, you reason, will save time for your project, as the previous project has provided the information. Which one of the following terms best describes the action you are doing in this scenario?
Options
- AYou are creating an analogous estimate.
- BYou are creating a bottom-up estimate.
- CYou are relying on expert judgment.
- DYou are creating a rough order of magnitude estimate.
How the community answered
(64 responses)- A94% (60)
- B2% (1)
- C3% (2)
- D2% (1)
Explanation
This is an example of analogous estimate as you are creating an analogy between two similar projects. This estimating approach is also known as a top-down estimate type, and is somewhat Answer option C is incorrect. Expert judgment relies on experts, consultants, or subject matter experts to guide your project decisions. An analogous estimate is a form of expert judgment, but this is not the best choice for this question. Answer option B is incorrect. A bottom-up estimate creates an activity duration estimate for each work package in the WBS. It is the longest estimate type to create, but it also the most reliable. Answer option D is incorrect. A rough order of magnitude estimate is a quick estimate, usually for project costs, that often has a broad range of variance attached to the estimate.
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