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PMI Exam PMI-SP Topic 1 Question 93 Discussion

Actual exam question for PMI's PMI-SP exam
Question #: 93
Topic #: 1
[All PMI-SP Questions]

Jenny is the project manager for her organization. Her project is not doing well on project schedule performance, and management wants her to predict how the project schedule and cost will end. Management has asked Jenny to report and forecast her project's performance based on the Judgmental methods. Which of the following judgmental methods will Jenny use to accomplish the task? Each correct answer represents a complete solution. Choose all that apply.

Show Suggested Answer Hide Answer
Suggested Answer: B

The law of diminishing returns state that the user cannot exponentially add labor to a

project to reduce the amount of time required to complete the project work. In other words, Harry

cannot keep doubling the workforce on this project to reduce the project duration down to

just a few minutes.

The law of diminishing returns state that 'the user will get less and less output when he add

additional doses of an input while holding other

inputs fixed. In other words, the marginal product of each unit of input will decline as the amount of

that input increases holding all other

inputs constant.' Diminishing returns mean that the extra labor causes output to fall, which means

that the MPL is negative. In other words,

the change in output per unit increase in labor is negative and total output is falling.

Answer option C is incorrect. This is not a valid project management term.

Answer option A is incorrect. Parkinson's Law states that work will expand to the amount of time

allotted to it.

Answer option D is incorrect. Moore's Law is based on Intel's Gordon Moore who stated that

processor speeds generally double in power

every 18 months.


Contribute your Thoughts:

Remona
1 months ago
I'm just glad they didn't include 'consulting the Magic 8-Ball' as an option. That would have been an even bigger giveaway!
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Jovita
9 days ago
D) Scenario building
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Ilene
14 days ago
B) Technology forecasting
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Dallas
15 days ago
A) Forecast by analogy
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Desirae
2 months ago
I bet Jenny wishes she could just roll a pair of dice to predict the future. That would be a lot easier than these 'judgmental methods'.
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Domingo
8 days ago
D) Scenario building
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Leatha
14 days ago
B) Technology forecasting
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Lavera
19 days ago
A) Forecast by analogy
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Chi
2 months ago
Technology forecasting? Really? Jenny's not trying to predict the next big tech trend, she just needs to get a handle on her project's performance. A and D all the way!
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Tyra
2 months ago
Wait, why is Autoregressive Moving Average even an option? That's more for time-series forecasting, not judgmental methods. Clearly, A and D are the correct answers.
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Paris
2 days ago
Management needs accurate predictions to make informed decisions about the project's schedule and cost.
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Letha
3 days ago
Jenny should definitely choose Forecast by analogy and Scenario building for predicting project performance.
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Berry
24 days ago
Yeah, I agree. Forecast by analogy and Scenario building seem more appropriate for judgmental methods.
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Junita
1 months ago
I think Autoregressive moving average is used for time-series forecasting.
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Cherrie
2 months ago
Hmm, I think Forecast by Analogy and Scenario Building are the way to go here. Jenny needs to look at similar projects and build different scenarios to predict the schedule and cost outcome.
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Cortney
1 months ago
Yes, those methods will definitely help Jenny predict the project's performance accurately.
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Mee
1 months ago
I agree, Forecast by Analogy and Scenario Building are great options for Jenny to use in this situation.
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Linwood
2 months ago
I think Autoregressive moving average could also be helpful in forecasting project performance.
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Louvenia
2 months ago
I agree with Shala. Forecast by analogy and Scenario building are good judgmental methods for predicting project performance.
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Shala
2 months ago
Jenny should use Forecast by analogy and Scenario building.
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