PMI Scheduling Professional (PMI-SP) — Question 15
Kenny is the project manager for the NHQ organization. She is creating the project duration estimates. She has stressed to her project team that they will need to create accurate and reliable project duration estimates without padding their estimates for errors or risks. Kenny is also relying on historical information to help her predict the duration of the project work. Jennifer, one of the project team members, wants to know how Kenny will account for the certain-to-happen errors and delays in the project schedule. What approach should Kenny use in the project?
Answer options
- A. Rewards and recognition for completing the project work without delays
- B. Analogous estimating
- C. Three-point estimates
- D. Management reserve
Correct answer: D
Explanation
The correct answer is D, Management reserve, as it is specifically used to account for unforeseen risks and delays in a project. Options A and B do not address the need for contingency planning, and C, while useful for estimating, does not provide a way to manage certain-to-happen errors and delays.