QM 6665 Quiz 3 | Questions and Answers with Complete
Solution | Latest Update 2026
Question 1
pts
To save time, you use information from a similar project to help you estimate your activity
durations. This is an example of which tool or technique?
A. Bottom-up estimatingCorrect Answer
B. Analogous estimatingYou Answered
C. Parametric estimating
D. Three-point estimating
B is correct. Analogous estimating involves using information from similar projects (i.e., an
analogy) to estimate elements of your project. This is generally less costly and time consuming
than other techniques.
A, C, and D are incorrect. A is incorrect because bottom-up estimating breaks down work
packages and activities into the smallest possible piece of work, then adds up the time and cost
for each to get a total project cost or duration. C is incorrect because parametric estimating is a
process that multiplies known quantities by known financial rates or metrics. D is incorrect
because three-point estimating uses the optimistic, realistic, and pessimistic estimates to
calculate a weighted average.
Question 2
pts
What is the authorized time-phased budget at completion used to measure, monitor, and
control overall cost performance on the project more commonly known as?
, A. Approved project budgetCorrect!
B. Cost baseline
C. Activity cost estimates
D. Total funding requirements
B is correct. The cost baseline is the aggregation of the Estimate Cost and Determine Budget
processes.
A, C, and D are incorrect. A is incorrect because the approved project budget may sound like a
correct term, but it is not one that is in the PMBOK Guide. C is incorrect because activity cost
estimates are an input into the Determine Budget process, and they become the cost baseline
once amalgamated with elements of the schedule. D is incorrect because total funding
requirements may sound like a correct term, but it is not one that is in the PMBOK Guide.
Question 3
pts
You assign one of your junior staff to track the actual start and finish of activities and milestones
to ensure they are being performed against the planned timeline. Which of the following
processes is most consistent with these activities?
A. Control ScopeCorrect!
B. Control Schedule
C. Monitor Communications
D. Monitor Risks
Solution | Latest Update 2026
Question 1
pts
To save time, you use information from a similar project to help you estimate your activity
durations. This is an example of which tool or technique?
A. Bottom-up estimatingCorrect Answer
B. Analogous estimatingYou Answered
C. Parametric estimating
D. Three-point estimating
B is correct. Analogous estimating involves using information from similar projects (i.e., an
analogy) to estimate elements of your project. This is generally less costly and time consuming
than other techniques.
A, C, and D are incorrect. A is incorrect because bottom-up estimating breaks down work
packages and activities into the smallest possible piece of work, then adds up the time and cost
for each to get a total project cost or duration. C is incorrect because parametric estimating is a
process that multiplies known quantities by known financial rates or metrics. D is incorrect
because three-point estimating uses the optimistic, realistic, and pessimistic estimates to
calculate a weighted average.
Question 2
pts
What is the authorized time-phased budget at completion used to measure, monitor, and
control overall cost performance on the project more commonly known as?
, A. Approved project budgetCorrect!
B. Cost baseline
C. Activity cost estimates
D. Total funding requirements
B is correct. The cost baseline is the aggregation of the Estimate Cost and Determine Budget
processes.
A, C, and D are incorrect. A is incorrect because the approved project budget may sound like a
correct term, but it is not one that is in the PMBOK Guide. C is incorrect because activity cost
estimates are an input into the Determine Budget process, and they become the cost baseline
once amalgamated with elements of the schedule. D is incorrect because total funding
requirements may sound like a correct term, but it is not one that is in the PMBOK Guide.
Question 3
pts
You assign one of your junior staff to track the actual start and finish of activities and milestones
to ensure they are being performed against the planned timeline. Which of the following
processes is most consistent with these activities?
A. Control ScopeCorrect!
B. Control Schedule
C. Monitor Communications
D. Monitor Risks
