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TOPIC: Free PMP® Exam Sample Question of the Week

Free PMP® Exam Sample Question of the Week 7 years 9 months ago #9467

  • Mary Kathrine Padua
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Hello everyone! Here is this week's free PMP® exam sample question from the PM Exam Simulator.

Which of the following techniques uses a statistical relationship between historical data and other variables to calculate a cost estimate for a schedule acitivity resource?

A. Bottom Up Estimating
B. Analogous Estimating
C. Parametric Estimating
D. Activity Cost Estimating

HINT: Examples of other variables are square footage, cost per unit etc.

All our questions are updated to the latest A Guide to the Project Management Body of Knowledge (PMBOK® Guide) standard. Stop by at www.pm-prepcast.com/freesimulator and try the PMP® Exam Simulator free for 3 days. We also offer 110 free questions at www.free-pm-exam-questions.com . We are a Project Management Institute (PMI)® Registered Education Provider.

Answer and Explanation:
The correct answer is C.

Parametric estimating uses the statistical relationship between historical data and other variables to calculate a cost estimate for a schedule activity resource.
Last edit: by Mary Kathrine Padua.
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