Duration Estimating Flashcards
7 cards from real PMI-SP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Duration Estimating flashcards as text
A PMI-SP professional is applying Monte Carlo analysis to a schedule. What is the PRIMARY output of this simulation technique for duration estimating?
Answer: A probability distribution of possible project completion dates
Monte Carlo analysis produces a probability distribution of outcomes, showing the likelihood of completing the project by various dates.
A project scheduler is evaluating activity durations considering resource availability. A task requires 40 hours of effort, and the assigned resource is available at 50% capacity. What is the activity duration?
Answer: 80 hours
When a resource works at 50% capacity, the duration doubles: 40 hours of effort ÷ 0.50 = 80 hours of calendar time.
Which factor does NOT directly influence activity duration estimates?
Answer: Project budget variance
Project budget variance is a cost metric and does not directly influence how long an activity takes to complete.
A project team is using bottom-up estimating for a complex deliverable. What is the FIRST step in this process?
Answer: Decompose work into smaller, more manageable components
Bottom-up estimating begins with decomposing work into smaller components so that each piece can be individually estimated and then aggregated.
A scheduler reviews historical data showing that similar projects had durations of 12, 15, 14, 13, and 16 months. Using analogous estimating, what duration would be most appropriate for a comparable new project?
Answer: 14 months
The average (mean) of 12, 15, 14, 13, and 16 is 14 months, making it the most representative analogous estimate.
During duration estimating, what is the significance of the learning curve effect?
Answer: Productivity increases as team members repeat similar tasks
The learning curve effect means that as team members perform repetitive tasks, their productivity improves, reducing durations over time.
A project manager is asked to provide a rough order of magnitude estimate for duration early in the project. Which estimating technique is MOST suited for this stage?
Answer: Analogous estimating
Analogous estimating is best suited for early-stage rough order of magnitude estimates when project details are not yet defined.