PM Test Center » estimating http://pmtestcenter.com FREE daily project management test questions for PMP®, CAPM®, and Project+ exams! Tue, 07 Feb 2012 05:01:29 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Three point estimate http://pmtestcenter.com/three-point-estimate?utm_source=rss&utm_medium=rss&utm_campaign=three-point-estimate http://pmtestcenter.com/three-point-estimate#comments Mon, 02 Jan 2012 05:01:39 +0000 Gabe Young http://pmtestcenter.com/?p=609

While planning a project that has not been accomplished before at the company, your manager asks you to get a three point estimate from Shari, the lead designer. Shari provides you with an optimistic estimate (2 hours), a most likely estimate (4 hours), and a pessimistic estimate (12 hours). What must be the three point estimate for Shari’s task?

A. 5 hours
B. 6 hours
C. 10 hours
D. Not enough information and will need clarification from the manager

If you are reading this via email, please click here for the answer.

]]> http://pmtestcenter.com/three-point-estimate/feed 6 Monte Carlo technique http://pmtestcenter.com/monte-carlo-technique?utm_source=rss&utm_medium=rss&utm_campaign=monte-carlo-technique http://pmtestcenter.com/monte-carlo-technique#comments Sat, 31 Dec 2011 05:01:07 +0000 Gabe Young http://pmtestcenter.com/?p=613

Your client requests that you to use a Monte Carlo technique for the project. What are you being asked to do?

A. Create a histogram that ranks risks.
B. Estimate cost and time results by executing the project many times through a simulator.
C. Ignore minor risks and take our chances.
D. Monitor cost variances and use contingency funds when necessary.

If you are reading this via email, please click here for the answer.

]]> http://pmtestcenter.com/monte-carlo-technique/feed 0 Estimating by scaling historical information http://pmtestcenter.com/estimating-by-scaling-historical-information?utm_source=rss&utm_medium=rss&utm_campaign=estimating-by-scaling-historical-information http://pmtestcenter.com/estimating-by-scaling-historical-information#comments Thu, 24 Nov 2011 05:01:30 +0000 Gabe Young http://pmtestcenter.com/?p=387

Joan has been assigned to manage a project to recondition ten school buses. Although her company has never reconditioned more than a single bus at a time, Joan feels she can still give somewhat accurate estimates by using:

A. Bottom-up estimating
B. Analogous estimating
C. Parametric estimating
D. Engineering estimating

If you are reading this via email, please click here for the answer.

]]> http://pmtestcenter.com/estimating-by-scaling-historical-information/feed 0 Most accurate estimating type http://pmtestcenter.com/most-accurate-estimating-type?utm_source=rss&utm_medium=rss&utm_campaign=most-accurate-estimating-type http://pmtestcenter.com/most-accurate-estimating-type#comments Wed, 26 Oct 2011 04:01:55 +0000 Gabe Young http://pmtestcenter.com/?p=253

Which of the following estimating types provides the most accuracy?

A. Parametric
B. Analogous
C. Bottom-up
D. Top-down

If you are reading this via email, please click here for the answer.

]]> http://pmtestcenter.com/most-accurate-estimating-type/feed 0 Estimating tool for a project similar to another http://pmtestcenter.com/estimating-tool-for-a-project-similar-to-another?utm_source=rss&utm_medium=rss&utm_campaign=estimating-tool-for-a-project-similar-to-another http://pmtestcenter.com/estimating-tool-for-a-project-similar-to-another#comments Tue, 18 Oct 2011 04:01:43 +0000 Gabe Young http://pmtestcenter.com/?p=74

Jamie, the project manager for creating a new product, recognizes that she will need help estimating. Since she has not managed a project like this before, she decides she will review past projects that company has completed for other products. This is an example of:

A. Analogous estimating
B. PERT
C. Expert judgment
D. Parametric estimating

If you are reading this via email, please click here for the answer.

]]> http://pmtestcenter.com/estimating-tool-for-a-project-similar-to-another/feed 0 PERT formula http://pmtestcenter.com/pert-formula?utm_source=rss&utm_medium=rss&utm_campaign=pert-formula http://pmtestcenter.com/pert-formula#comments Wed, 21 Sep 2011 04:01:39 +0000 Gabe Young http://pmtestcenter.com/?p=135

The PERT formula is typically calculated as:

A. (O+M+P)/6
B. (O+4M+P)/6
C. (O+M+P)/3
D. (O+4M+P)/3

If you are reading this via email, please click here for the answer.

]]> http://pmtestcenter.com/pert-formula/feed 0 Estimating type that takes the most amount of time http://pmtestcenter.com/estimating-type-that-takes-the-most-amount-of-time?utm_source=rss&utm_medium=rss&utm_campaign=estimating-type-that-takes-the-most-amount-of-time http://pmtestcenter.com/estimating-type-that-takes-the-most-amount-of-time#comments Tue, 23 Aug 2011 04:01:31 +0000 Gabe Young http://pmtestcenter.com/?p=806

Which of the following estimating types takes the most amount of time to prepare?

A. Bottom up
B. Analogous
C. Parametric
D. Top down

If you are reading this via email, please click here for the answer.

]]> http://pmtestcenter.com/estimating-type-that-takes-the-most-amount-of-time/feed 0