TOPIC: Free CAPM® Exam Sample Question of the Week

Assess your readiness and answer this CAPM® Exam Sample Question of the week taken from The CAPM® Exam Simulator

The difference between analogous and parametric estimating is:

A. Analogous estimating uses historical information while parametric estimating is based on expert judgment.
B. Analogous estimating uses historical information while parametric estimating is based on three-point estimating.
C. Analogous estimating uses three estimates to define an activity's cost while parametric estimating uses historical information.
D. Analogous estimating is generally less accurate than parametric estimating.

Hint: Parametric estimating is analogous estimating with considering other variables that reflect the difference between the project and previous ones.

Watch out for the Answer here by the end of the week!

A

Answer is d

d

answer is D

Correct Answer is D.
While analogous estimating uses the historical data of previous projects, parametric estimating analyzes the statistical relationship between historical data and other variables to provide results that are more accurate.

Correct Answer: D

While analogous estimating uses the historical data of previous projects, parametric estimating analyzes the statistical relationship between historical data and other variables to provide results that are more accurate.
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