PM Test Center » estimating http://pmtestcenter.com FREE daily project management test questions for PMP®, CAPM®, and Project+ exams! Tue, 22 May 2012 04:01:23 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 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 Fri, 11 May 2012 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

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]]> 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 Thu, 03 May 2012 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

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]]> 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 Fri, 06 Apr 2012 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

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]]> 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 Fri, 09 Mar 2012 05:01:31 +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

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]]> http://pmtestcenter.com/estimating-type-that-takes-the-most-amount-of-time/feed 0 Least accurate estimating type http://pmtestcenter.com/least-accurate-estimating-type?utm_source=rss&utm_medium=rss&utm_campaign=least-accurate-estimating-type http://pmtestcenter.com/least-accurate-estimating-type#comments Wed, 15 Feb 2012 05:01:40 +0000 Gabe Young http://pmtestcenter.com/?p=835

Which of the following estimating types provides the least accuracy?

A. Analogous
B. Engineering
C. Bottom-up
D. Grass roots

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]]> http://pmtestcenter.com/least-accurate-estimating-type/feed 0 Estimating type that takes the least amount of time http://pmtestcenter.com/estimating-type-that-takes-the-least-amount-of-time?utm_source=rss&utm_medium=rss&utm_campaign=estimating-type-that-takes-the-least-amount-of-time http://pmtestcenter.com/estimating-type-that-takes-the-least-amount-of-time#comments Thu, 09 Feb 2012 05:01:02 +0000 Gabe Young http://pmtestcenter.com/?p=803

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

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

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]]> http://pmtestcenter.com/estimating-type-that-takes-the-least-amount-of-time/feed 3 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

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]]> 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.

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