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AACE International Exam AACE-PSP Topic 4 Question 34 Discussion

Actual exam question for AACE International's AACE-PSP exam
Question #: 34
Topic #: 4
[All AACE-PSP Questions]

If a detailed estimate is NOT available to assist in the formulation of activity durations but unit quantities have been identified, what information can be utilized to estimate work package/activity durations?

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Suggested Answer: B

by Georgene at Apr 07, 2025, 04:08 PM

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Emily
3 months ago
Historical production rates, easy peasy. Unless the project manager is a time-traveling, stock-trading physicist, in which case I'm completely lost.
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Aliza
1 months ago
The Black-Scholes model seems a bit out of place here, I would stick with historical production rates.
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Nan
1 months ago
I agree, it's a reliable method when detailed estimates are not available.
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Kenia
1 months ago
Historical production rates are definitely useful for estimating work package/activity durations.
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Jose
3 months ago
Black-Scholes model? Did they accidentally include a finance question in here? I'm just going to go with the option that makes the most sense - historical production rates.
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Svetlana
2 months ago
Definitely, it's a practical approach to estimating work package durations.
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Rodney
2 months ago
Yeah, I think that's the best option to use in this situation.
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Elliot
2 months ago
I agree, historical production rates seem like the most logical choice.
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Almeta
3 months ago
I believe time impact analysis can also be helpful in estimating work package durations.
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Odette
3 months ago
The Eichleay formula? What is this, a complex equation contest? I'll take the straightforward approach and go with historical production rates. Keep it simple, you know?
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Leslie
2 months ago
The Eichleay formula may be complex, but historical production rates are a practical choice for estimating durations.
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Rochell
2 months ago
I agree, using past data can give a good indication of how long tasks will take.
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Laurel
3 months ago
Historical production rates are a reliable source for estimating work package durations.
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Nathalie
3 months ago
I agree with Barbra, historical production rates provide valuable information.
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Brynn
4 months ago
Time impact analysis? Seriously? What is this, a physics exam? I'll stick with the good old reliable historical production rates, thank you very much.
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Gladys
2 months ago
User 4: Yeah, I always go with what has worked in the past.
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German
2 months ago
User 3: Historical production rates are definitely more reliable.
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Louann
2 months ago
User 2: I agree, I prefer using historical production rates.
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Audry
3 months ago
User 1: Time impact analysis sounds complicated.
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Annalee
3 months ago
Yeah, time impact analysis does sound a bit complicated.
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Nichelle
3 months ago
I agree, historical production rates are a safe bet.
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Paulene
4 months ago
Historical production rates, for sure. That's the way to go when you don't have a detailed estimate. Worked for me on the last project.
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Norah
2 months ago
I always refer to historical production rates when I need to estimate durations without a detailed estimate.
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Latonia
2 months ago
It's a reliable method when you don't have a detailed estimate to work with.
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Ula
2 months ago
I agree, using past data can give a good indication of how long tasks will take.
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Ahmed
2 months ago
Historical production rates are definitely helpful in estimating work package/activity durations.
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Bev
2 months ago
It's a practical approach to estimate work package/activity durations.
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Josephine
2 months ago
I've used historical production rates before and it worked out well.
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Filiberto
3 months ago
I agree, it's a reliable method when you don't have a detailed estimate.
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Merrilee
4 months ago
Historical production rates are definitely the way to go.
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Barbra
4 months ago
I think historical production rates can be used.
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