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Cost Estimation

Here we discuss Freely Available PMP® mock exam questions. Internet is full of free PMP® Simulators but most of these simulators does not provide good explanation of answers, here we discuss them.
Posts: 1
Joined: Mon Apr 17, 2017 7:31 pm

Cost Estimation

Postby Vrd_quest Thu Apr 20, 2017 9:11 am

As per my understanding this should be B, as the question says Comparatively Accurate

Any other thoughts ?

You are a project manager and working on a middle sized complex engineering project and willing to estimate the cost for the project. Which technique would you use to do comparatively accurate estimation?
A) Bottom-up Estimation
B) Analogous Estimation
C) Parametric Estimation
D) Three Point Estimation
Posts: 28
Joined: Fri Apr 07, 2017 3:47 am

Re: Cost Estimation

Postby kapil.bhauryal Fri Apr 21, 2017 1:07 pm

I will go with A) Bottom-up Estimation. Out of all estimation technique, "Bottom up estimation" provide more accurate.

Please do not confuse.

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