Hard1 markMultiple Choice
Task 6: Plan and manage scheduleschedule managementthree-point estimationMonte Carlouncertainty management

PMP · Question 56 · Task 6: Plan and manage schedule

A project manager is developing a schedule for a complex system integration involving multiple vendors and internal teams. The work includes data migration, system configuration, testing, and user training with significant interdependencies. Initial estimates from different teams vary widely, and historical data shows high variability in similar integration tasks. The client has requested a firm delivery date. What should the project manager do FIRST?

Answer options:

A.

Use the most optimistic estimates to meet the client's requested delivery date

B.

Apply three-point estimation and Monte Carlo simulation to develop realistic schedule ranges with confidence intervals

C.

Average all the estimates from different teams to create a balanced schedule

D.

Add a 25% buffer to all estimates to account for uncertainty

How to approach this question

Look for statistical estimation approaches that account for uncertainty and provide confidence intervals for complex projects with high variability.

Full Answer

B.Apply three-point estimation and Monte Carlo simulation to develop realistic schedule ranges with confidence intervals✓ Correct
B
Effective schedule management for complex projects requires statistical estimation techniques that account for uncertainty and provide decision-makers with realistic ranges and confidence intervals.

Common mistakes

Students often choose simple estimation approaches rather than recognizing the need for statistical methods when dealing with high uncertainty and variability.

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