PMI-SP · Question #292
Jenny is the project manager for her organization. Her project is not doing well on project schedule performance, and management wants her to predict how the project schedule and cost will end…
The correct answer is A. Forecast by analogy B. Technology forecasting D. Scenario building. The judgmental forecasting method incorporates intuitive judgments, opinions and subjective probability estimates. Some examples of judgmental forecasting are as follows: Composite forecasts Scenario building Technology forecasting Forecast by analogy Answer option C is…
Question
Jenny is the project manager for her organization. Her project is not doing well on project schedule performance, and management wants her to predict how the project schedule and cost will end. Management has asked Jenny to report and forecast her project's performance based on the Judgmental methods. Which of the following judgmental methods will Jenny use to accomplish the task? Each correct answer represents a complete solution. Choose all that apply.
Options
- AForecast by analogy
- BTechnology forecasting
- CAutoregressive moving average
- DScenario building
How the community answered
(43 responses)- A72% (31)
- C28% (12)
Explanation
The judgmental forecasting method incorporates intuitive judgments, opinions and subjective probability estimates. Some examples of judgmental forecasting are as follows: Composite forecasts Scenario building Technology forecasting Forecast by analogy Answer option C is incorrect. Autoregressive moving average is an example of the causal/econometric method.
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