Project Management Professional (PMP) Exam Practice – Question1382

You can use various estimating approaches to determine activity durations. When you have a limited amount of information available about your project, especially when in the early phases, the best approach to use is______________


A.
Bottom-up estimating
B. Analogous estimating
C. Reserve analysis
D. Parametric analysis

Correct Answer: B

Explanation:

Explanation:
Although limitations exist with all estimating approach, analogous estimating is often used when there is a limited amount of information for the project. It uses historical information and expert judgment.