Free PMI Project Management Professional (PMP) Practice Question

You are the project manager for a new software development initiative. Following the completion of the WBS, you are preparing to refine cost estimates. The project is considered high-risk due to its innovative nature and the technology being untested in the field. In this context, what would be the MOST appropriate method to ensure the credibility and accuracy of your cost estimates?

  • Analogous Estimating

  • Bottom-Up Estimating

  • Three-Point Estimating

  • Parametric Estimating

This question's topic:
PMI Project Management Professional (PMP) / 
Waterfall
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