Certified Associate in Project Management (CAPM) — Question 334

Which is an example of analogous estimating?

Answer options

• A. Estimates are created by individuals or groups with specialized knowledge.
• B. Estimates are created by using information about resources of previous similar projects.
• C. Estimates are created by analyzing data.
• D. Estimates are created at the task level and aggregated upwards.

Correct answer: B

Explanation

The correct answer is B because analogous estimating involves using historical data from similar past projects to make estimates for current projects. Options A and C relate to expert judgment and data analysis, respectively, which are different estimating techniques, while option D describes a bottom-up estimating approach.