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Time Estimating & Resource Allocation Flashcards

7 cards from real PMI-SP practice questions. Tap to flip, then mark Knew It or Still Learning โ€” missed cards come back until you master them.

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  1. A project manager uses the formula E = (O + 4M + P) / 6 for duration estimates. What estimating technique is being applied?

    Answer: Three-point estimating (PERT)

    The PERT formula E = (O + 4M + P) / 6 is the three-point estimating technique using optimistic, most likely, and pessimistic values.

  2. When resources are leveled on a schedule, which of the following is the most common result?

    Answer: The project duration is extended

    Resource leveling resolves over-allocations by delaying tasks, which typically extends the project's overall duration.

  3. A scheduler is asked to estimate activity durations for a new software module using historical data from a similar module completed last year. This is best described as:

    Answer: Analogous estimating

    Analogous estimating uses historical information from similar past projects or activities as the basis for the current estimate.

  4. Which resource allocation metric indicates how much work a resource has been assigned relative to its availability?

    Answer: Resource utilization rate

    Resource utilization rate measures the percentage of a resource's available capacity that has been assigned to project work.

  5. During schedule development, a project manager discovers that a critical resource is assigned to two parallel tasks at 100% capacity each. The BEST first action is to:

    Answer: Perform resource leveling

    Resource leveling is used to resolve over-allocation by adjusting task timing to match resource availability.

  6. What is the primary advantage of parametric estimating over analogous estimating?

    Answer: It produces more accurate estimates when the relationship between variables is well-defined

    Parametric estimating uses a statistical relationship between historical data and variables to produce more accurate estimates when that relationship is valid.

  7. A resource calendar in a project schedule is used primarily to:

    Answer: Define when a resource is available to perform project work

    Resource calendars document the working days, shifts, holidays, and availability of specific resources for scheduling purposes.