Free PMP Exam Sample Question
The following PMP® exam sample question is taken from the Free PMP Exam Simulator (The answer is at the very bottom):
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A project manager is making a quantitative assessment of the probable cost of the resources required to complete the schedule activities. He considers inflation allowance and a special cost contingency reserve. Which type of estimation is this an example of?_x000D_
A) Parametric Estimation
B) Activity Cost estimation
C) Cost aggregation
D) Funding Limit Reconciliation
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Hint: The PM is determining the activity costs and contingency reserve requirements.
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Answer and Explanation:
The Correct Answer is B. The PM is determining the activity costs and contingency reserve requirements.This is a part of the Estimate Costs process.