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GAQM PPM-001 Exam - Topic 3 Question 124 Discussion

Your project sponsor has requested a cost estimate for the project on which you're working. This project is similar in scope to a project you worked on last year. She would like to get the cost estimates as soon as possible. Accuracy is not her primary concern right now. She needs a ballpark figure by tomorrow. You decide to use ___________________.
B) analogous estimating techniques
A) parametric modeling techniques
C) bottom-up estimating techniques
D) computerized modeling techniques

GAQM PPM-001 Exam - Topic 3 Question 124 Discussion

Actual exam question for GAQM's PPM-001 exam
Question #: 124
Topic #: 3
[All PPM-001 Questions]

Your project sponsor has requested a cost estimate for the project on which you're working. This project is similar in scope to a project you worked on last year. She would like to get the cost estimates as soon as possible. Accuracy is not her primary concern right now. She needs a ballpark figure by tomorrow. You decide to use ___________________.

Show Suggested Answer Hide Answer
Suggested Answer: B

Analogous-or top-down-estimating techniques are a form of expert judgment. Since this project is similar to another recent project, you can use the cost estimates from the previous project to help you quickly determine estimates for the current project.


by Mari at Apr 10, 2026, 11:29 AM

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Candra
2 hours ago
C) bottom-up could work, but it's too detailed for this urgency.
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Chantell
5 days ago
I vote for B) too. Accuracy isn't key right now. Just need a number.
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Rikki
10 days ago
But A) might take longer. B) is simpler for a ballpark figure.
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Darrin
16 days ago
I prefer A) parametric modeling. It gives a rough estimate based on variables.
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Leota
21 days ago
Agreed! B) is fast. We can use last year's data.
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Jospeh
26 days ago
I think B) analogous estimating techniques is the best choice. Quick and similar projects help.
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Daniela
1 month ago
Really? Can you trust B for a ballpark figure? Seems risky.
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Marguerita
1 month ago
I think B is perfect for this situation, no time for details!
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Michell
1 month ago
Wait, isn't A) parametric modeling better for accuracy?
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Lucia
2 months ago
Totally agree, B is the way to go for a fast estimate.
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Karl
2 months ago
I'd go with B) analogous estimating techniques. Quick and easy!
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Delila
2 months ago
Surprised they want a ballpark figure so soon! Feels rushed.
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Emerson
2 months ago
B) is definitely the best choice here!
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Lovetta
2 months ago
Wait, isn't A better for accuracy? Just saying...
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Vivan
4 months ago
Totally agree, B is the way to go for a fast estimate.
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Nieves
4 months ago
I'd go with B) analogous estimating techniques. Quick and easy!
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Solange
4 months ago
I’m a bit confused, but computerized modeling techniques seem too complex for a quick ballpark estimate. I’d lean towards something simpler.
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Carin
5 months ago
I practiced a question like this, and I think bottom-up estimating is more detailed, so it wouldn’t fit since she just needs a rough figure.
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Yvette
5 months ago
I'm not entirely sure, but I feel like parametric modeling techniques could also work if we have some reliable data points from last year’s project.
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Myrtie
5 months ago
I think I remember that for quick estimates, analogous estimating techniques might be the way to go since it's based on similar past projects.
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