PSP Exam Dumps | If a detailed estimate is NOT available to assist in the formulation of activity durations but unit quantities

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ASIS.PSP.v2025-06-10.q78
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Question 66/78

If a detailed estimate is NOT available to assist in the formulation of activity durations but unit quantities have been identified, what information can be utilized to estimate work package/activity durations?

A. The Eichleay formula

B. Historical production rates

C. Time impact analysis

D. Black-Scholes model

Correct Answer: B

When detailed estimates are unavailable, historical production rates can provide reliable data for estimating durations based on past projects with similar work.
* Option A (Eichleay formula) is for overhead cost allocation.
* Option C (Time impact analysis) evaluates delay impacts, not durations.
* Option D (Black-Scholes model) is irrelevant in this context.
Historical data usage is a recognized method in project planning and scheduling practices.

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