Valid PMI-SP Dumps shared by ExamDiscuss.com for Helping Passing PMI-SP Exam! ExamDiscuss.com now offer the newest PMI-SP exam dumps, the ExamDiscuss.com PMI-SP exam questions have been updated and answers have been corrected get the newest ExamDiscuss.com PMI-SP dumps with Test Engine here:
You are the project manager of the NHQ project. This project is slightly larger than the TR project, in which you also served as the project manager. You decide to use the actual activity duration of the GTR project as a basis for your current NHQ project. This, you reason, will save time for your project, as the previous project has provided the information. Which one of the following terms best describes the action you are doing in this scenario?
Correct Answer: A
Explanation/Reference: Explanation: This is an example of analogous estimate as you are creating an analogy between two similar projects. This estimating approach is also known as a top-down estimate type, and is somewhat unreliable. Incorrect Answers: B: A bottom-up estimate creates an activity duration estimate for each work package in the WBS. It is the longest estimate type to create, but it also the most reliable. C: Expert judgment relies on experts, consultants, or subject matter experts to guide your project decisions. An analogous estimate is a form of expert judgment, but this is not the best choice for this question. D: A rough order of magnitude estimate is a quick estimate, usually for project costs, that often has a broad range of variance attached to the estimate.