Welcome, Guest
Do you need customer support or technical assistance? Click here to submit a support ticket...

TOPIC: What is value of definitive estimate

What is value of definitive estimate 3 years 11 months ago #3017

  • Roman Rudnitskij
  • Roman Rudnitskij's Avatar
  • Offline
  • Fresh Boarder
  • Posts: 2
  • Karma: 0
What is value of definitive estimate, there are 2 options:

1) -5% +10%
2) -10% + 10%

Which option shall be selected in the exam?

What is value of definitive estimate 3 years 11 months ago #3027

  • Khurram Hussain
  • Khurram Hussain's Avatar
Dear Roman:

Good day!

Definitive estimates are very narrow estimates. How narrow? There is no hard and fast rule for that. The PMBOK4 mentions ROM estimates from -50% to +50% and narrow estimates from -10% to +10%. Please note that the PMBOK4 doesn’t mentions the term “definitive estimates” anywhere in the guide. However, the PMBOK5 guide does mention the term “definitive estimates” and ranges it from -5% to +10%.

I would not expect such a specific question appearing on the real exam. But if it does, -5% to +10% is your answer.

Warm regards,

Khurram
Moderators: Yolanda Mabutas, Ahmed Amin, Scott Gillard, Michael DeCicco, Rahul Kakkar, Fernando Jr Sinlao Lim, Mary Kathrine Padua, Chris Preziotti, Lazard Toe, ITBMC, MPM, CIPM, PMP, ITIL, Christian Winter, Kevin Nason, Michael Sumaquial, PMP, Mark Wuenscher, PMP

OSP INTERNATIONAL LLC
OSP INTERNATIONAL LLC
Training for Project Management Professional (PMP)®, PMI Agile Certified Practitioner (PMI-ACP)®, and Certified Associate in Project Management (CAPM)®