Exam Essentials

Be able to name the purpose of the Estimate Activity Resources process. The purpose of Estimate Activity Resources is to determine the types of resources needed (human, equipment, and materials) and in what quantities for each schedule activity within a work package.

Be able to name the tools and techniques of Estimate Activity Durations. The tools and techniques of Estimate Activity Durations are expert judgment, analogous estimating, parametric estimating, and reserve analysis.

Be able to define the difference between analogous estimating and bottom-up estimating. Analogous estimating is a top-down technique that uses expert judgment and historical information. Bottom-up estimating performs estimates for each work item and rolls them up to a total.