GAQM Exam PPM-001 Topic 10 Question 75 Discussion

Actual exam question for GAQM's PPM-001 exam

Question #: 75
Topic #: 10

What is the expected activity cost for a project having a most likely cost of $140, a best case scenario of $115, and a worst case scenario of $165?

A$115

B$138

C$140

D$165

Show Suggested Answer

Suggested Answer: D

by Cecil at Oct 03, 2023, 04:06 AM

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6 days ago

A) $115? Really? Maybe if I had a time machine and could guarantee the best-case scenario. Otherwise, I'll have to pass on that one.

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11 days ago

I'm going with B) $138. The expected cost should be somewhere between the best and worst case scenarios, right?

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12 days ago

C) $140 seems like the obvious choice here. It's the most likely cost, so why overthink it?

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17 days ago

That makes sense. So, the answer would be C) $140.

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18 days ago

So, the expected cost would be ($140 + $115 + $165) / 3 = $140.

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27 days ago

I think the expected activity cost is the average of the most likely, best case, and worst case scenarios.

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