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.
Read the first 7 Time Estimating & Resource Allocation flashcards as text
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.
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.
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.
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.
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.
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.
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.