PK0-005 Project Life Cycle Practice Question
A project manager is estimating the cost of a new software development project. Since the project is similar to a previous one, the manager uses the cost of the previous project as a basis, adjusting for known differences. Which cost estimation technique is being used?
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Analogous estimation
Analogous estimation uses historical data from similar projects to estimate costs. It is often used when limited information is available about the current project.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Parametric estimation
Why it's wrong here
Parametric uses statistical relationships between variables, not a single historical project.
- ✗
Bottom-up estimation
Why it's wrong here
Bottom-up estimates individual work packages and aggregates them.
- ✓
Analogous estimation
Why this is correct
Analogous estimation relies on similarity to previous projects.
- ✗
Three-point estimation
Why it's wrong here
Three-point uses optimistic, pessimistic, and most likely estimates.
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