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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What does three-point estimating involve?

Calculating an average of four different estimates
Taking the average of three estimated durations - optimistic, most likely, pessimistic
Estimating the start, middle, and end points of a project
Using past project data to predict future timelines

The correct answer is: Taking the average of three estimated durations - optimistic, most likely, pessimistic

Three-point estimating involves taking the average of three estimated durations: optimistic, most likely, and pessimistic. This technique helps in providing a more accurate and realistic estimate by considering different scenarios rather than relying solely on one estimation. Option A is incorrect because it mentions calculating an average of four different estimates, which is not how three-point estimating is typically done. Option C is incorrect as it describes estimating the start, middle, and end points of a project, which is not specific to three-point estimating. Option D is incorrect as it refers to using past project data to predict future timelines, which is a different concept from three-point estimating.