GAQM Exam PPM-001 Topic 3 Question 100 Discussion

Actual exam question for GAQM's PPM-001 exam

Question #: 100
Topic #: 3

[All PPM-001 Questions]

What is a specific advantage of analogous estimating in comparison with other cost estimate techniques?

AUses contingency reserves

BLess costly and time consuming

CCan be applied to segments of work

DMore accurate

Show Suggested Answer

Suggested Answer: C

by Diego at Sep 19, 2024, 11:27 AM

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Mitsue

30 days ago

If they really wanted to test our estimating skills, they should've asked us to estimate the cost of this exam. That would be a real challenge!

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Glendora

1 months ago

Maybe I should just roll the dice and pick A. Contingency reserves sound like a good time to me!

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Vicente

5 days ago

Go for it! Contingency reserves are always a good idea.

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Eura

1 months ago

D, definitely D. Accuracy is key in this field, and I'm not looking to wing it.

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Ettie

2 days ago

Using contingency reserves can also help with accuracy, so it's a good combination.

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Luther

5 days ago

I agree, having a more accurate estimate can save a lot of trouble down the line.

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Chau

28 days ago

D, definitely D. Accuracy is key in this field, and I'm not looking to wing it.

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Lucy

2 months ago

I'm thinking C is the best choice. Analogy is a powerful tool, and being able to apply it to specific segments is a big plus.

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Marylyn

1 days ago

That's true, using contingency reserves can definitely help with unexpected costs.

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Bettina

4 days ago

But don't you think using contingency reserves, like option A, is also important for accurate cost estimates?

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Viva

6 days ago

I agree, being able to apply analogous estimating to segments of work can be very beneficial.

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Kallie

1 months ago

Yes, it allows for a more detailed and accurate cost estimate for each part of the project.

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Claudio

1 months ago

I agree, being able to apply analogous estimating to specific segments of work can be very beneficial.

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Madalyn

2 months ago

Option B seems like the way to go. I don't want to spend too much time or money on this exam, you know?

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Maryanne

2 months ago

But doesn't it also use contingency reserves to account for uncertainties?

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Herminia

2 months ago

I agree with Jesusa. It's helpful to break down the estimate into smaller parts.

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Jesusa

2 months ago

I think the advantage of analogous estimating is that it can be applied to segments of work.

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