Estimation Techniques Quiz
Test your knowledge of estimation methods and their applications.
Full Name
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First Name
Last Name
Email Address
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example@example.com
Which of the following is NOT an estimation technique?
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Analogous Estimating
Parametric Estimating
Monte Carlo Simulation
Critical Path Method
Match the estimation technique to its description.
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Rows
Analogous Estimating
Bottom-Up Estimating
Parametric Estimating
Expert Judgment
Description
Uses historical data from similar projects
Breaks down work into smaller components
Uses mathematical models
Estimates based on expert judgment
Uses historical data from similar projects
Breaks down work into smaller components
Uses mathematical models
Estimates based on expert judgment
Uses historical data from similar projects
Breaks down work into smaller components
Uses mathematical models
Estimates based on expert judgment
Uses historical data from similar projects
Breaks down work into smaller components
Uses mathematical models
Estimates based on expert judgment
Select all situations where analogous estimating would be appropriate.
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There is limited project detail available
The project is unique with no historical data
Historical data from similar projects exists
Precise component-level estimates are required
Estimate the total cost if the unit cost is $50 and the quantity is 120 units (provide your answer as a number).
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Which estimation technique uses statistical modeling and probability distributions to predict outcomes?
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Parametric Estimating
Three-Point Estimating
Monte Carlo Simulation
Analogous Estimating
On a scale of 1 to 5, how confident are you in your understanding of estimation techniques?
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Not confident
1
2
3
4
Very confident
5
1 is Not confident, 5 is Very confident
Shortly explain why accurate estimation is important in project management.
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Which of the following best describes bottom-up estimating?
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Using expert judgment to guess the total effort
Estimating each work package and summing them up
Using past project data for a rough estimate
Applying a mathematical formula to calculate the estimate
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