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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?

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Suggested Answer: C

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

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Mitsue
2 months 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
2 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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Trevor
22 days ago
It's true that it uses contingency reserves, but there are other advantages to consider as well.
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Serina
27 days ago
Analogous estimating is less costly and time consuming, so it's a good choice.
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Vicente
1 months ago
Go for it! Contingency reserves are always a good idea.
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Eura
2 months ago
D, definitely D. Accuracy is key in this field, and I'm not looking to wing it.
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Ettie
1 months ago
Using contingency reserves can also help with accuracy, so it's a good combination.
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Luther
1 months ago
I agree, having a more accurate estimate can save a lot of trouble down the line.
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Chau
2 months ago
D, definitely D. Accuracy is key in this field, and I'm not looking to wing it.
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Lucy
3 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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Annamae
1 months ago
In the end, I think it's a combination of factors that make analogous estimating advantageous.
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Marylyn
1 months ago
That's true, using contingency reserves can definitely help with unexpected costs.
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Bettina
1 months ago
But don't you think using contingency reserves, like option A, is also important for accurate cost estimates?
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Viva
1 months ago
I agree, being able to apply analogous estimating to segments of work can be very beneficial.
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Kallie
2 months ago
Yes, it allows for a more detailed and accurate cost estimate for each part of the project.
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Claudio
2 months ago
I agree, being able to apply analogous estimating to specific segments of work can be very beneficial.
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Madalyn
3 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
3 months ago
But doesn't it also use contingency reserves to account for uncertainties?
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Herminia
3 months ago
I agree with Jesusa. It's helpful to break down the estimate into smaller parts.
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Jesusa
3 months ago
I think the advantage of analogous estimating is that it can be applied to segments of work.
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