CAPM Predictive Plan-Based Methodologies Practice Question
In a predictive project, the project manager needs to estimate the cost of each work package with a high level of accuracy. Which technique is most appropriate?
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
✓
Bottom-up estimating
Bottom-up estimating provides the highest accuracy by estimating costs at the work package level and summing them.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Bottom-up estimating
Why this is correct
Correct: Estimates each work package individually for high accuracy.
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Parametric estimating
Why it's wrong here
Parametric uses statistical models; less accurate than bottom-up for detailed estimates.
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Expert judgment
Why it's wrong here
Expert judgment is subjective and not a standalone detailed estimating technique.
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Three-point estimating
Why it's wrong here
Three-point estimating provides a range, not single-point accuracy.
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