PK0-005 Project Life Cycle Practice Question
A project manager is estimating the cost of a new software development project. The project is similar to a previous project that cost $500,000. The PM adjusts for size and complexity and estimates the new project will cost $600,000. Which 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 current project costs, adjusting for differences.
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, not just similarity.
- ✓
Analogous estimation
Why this is correct
Correct: Analogous uses similar past projects.
- ✗
Bottom-up estimation
Why it's wrong here
Bottom-up estimates individual work packages.
- ✗
Three-point estimation
Why it's wrong here
Three-point uses optimistic, pessimistic, and most likely.
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