Practice Quiz

CAPM Project Management Exam Prep

Category - CAPM

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When is the project manager using analogous estimating?
  1. The PM doesn’t have all of the information needed to give time estimates
  2. The PM needs to pad their estimates
  3. The PM is using a mathematical model
  4. The PM uses similar projects or activities to assist with time estimates
  5. The PM is using a Monte Carlo technique
Explanation
Answer: D - Project managers can use similar projects or activities to help them with giving time estimates on another project plan. If there is no other information to go on, this activity is an effective estimation methodology.

Key Takeaway: Look close enough and you’re likely to find tasks within your organization that were similar to ones on the project you are trying to estimate with.
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