ExpertHard1 markMultiple Choice
PMP · Question 19 · Task 5: Plan and manage budget and resources
A project manager needs to estimate the cost of a new data center. They have detailed costs for every server, cable, and hour of labor required. Which estimation technique is being used?
A project manager needs to estimate the cost of a new data center. They have detailed costs for every server, cable, and hour of labor required. Which estimation technique is being used?
Answer options:
A.
Analogous Estimating
B.
Parametric Estimating
C.
Bottom-up Estimating
D.
Three-point Estimating
How to approach this question
Match 'detailed costs for every item' to the technique that builds up from the bottom.
Full Answer
C.Bottom-up Estimating✓ Correct
C
Bottom-up estimating is the most accurate but time-consuming method, involving estimating every component and rolling them up.
Common mistakes
Confusing Parametric (formula-based) with Bottom-up (detail-based).
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