CAPM (Certified Associate in Project Management) Practice Exam

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Prepare for the CAPM (Certified Associate in Project Management) exam with our informative quiz. Test your knowledge through multiple-choice questions and detailed explanations to boost your confidence and readiness for the certification.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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How is parametric estimating performed?

Through detailed analysis of current project activities only
By applying project management strategies
Using a statistical relationship between historical data and other variables
Solely based on expert judgment

The correct answer is: Using a statistical relationship between historical data and other variables

Parametric estimating is a technique used to estimate project costs, durations, and resources by using a statistical relationship between historical data and other variables. This means that instead of only relying on expert judgment or analyzing current project activities, parametric estimating takes into account historical data and other factors that may impact project outcomes. Therefore, options A, B, and D are incorrect because they do not incorporate this statistical relationship approach.