PK0-005 Project Life Cycle Practice Question
Which cost estimation technique uses historical data from similar projects to estimate the current project?
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
Analogous estimation relies on historical data from similar projects.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Three-point
Why it's wrong here
Three-point uses optimistic, pessimistic, and most likely.
- ✗
Bottom-up
Why it's wrong here
Bottom-up estimates individual work packages.
- ✗
Parametric
Why it's wrong here
Parametric uses statistical relationships.
- ✓
Analogous
Why this is correct
Analogous uses similar project history.
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