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Exam CAPM topic 1 question 42 discussion

Actual exam question from PMI's CAPM
Question #: 42
Topic #: 1
[All CAPM Questions]

A project team member is estimating the cost of an activity and is checking documentation from previous similar projects. Which estimation method is the project manager using to complete this task?

  • A. Bottom-up estimating
  • B. Three-point estimating
  • C. Analogous estimating
  • D. Parametric estimating
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Suggested Answer: C 🗳️
by MoonManBlue at Sept. 24, 2020, 5:55 p.m.

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MoonManBlue
Highly Voted 9 months ago
C-Analogous estimating
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JesseChou_123
Most Recent 1 month, 1 week ago
Selected Answer: C
Analogous estimation is a project management technique where you estimate the cost or duration of a new project by comparing it to similar past projects. It's a top-down approach, meaning you get a broad estimate first and then refine it later. The accuracy of this method depends on how closely the new project resembles the past one.
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