Question 1401 · 1401 in bank
A project manager meets with the development team to estimate the time required to complete a software application. The software developers are new to the company, and they have never developed a similar application. Which estimation technique should the project manager recommend?
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Answer: D
Explanation
Three-point estimating involves considering optimistic, pessimistic, and most likely estimates to account for uncertainty. While it's commonly associated with activity duration estimates, it can also be applied to other project aspects, including software development time. In this case, the lack of specific experience might warrant a more probabilistic approach to estimation. Analogous Estimating: It relies on historical data from similar projects to make estimates for the current project. Parametric Estimating: This involves using a statistical relationship between historical data and other variables to calculate an estimate. Suitable when a measurable parameter (like cost per unit) can be identified and applied to the current project. Planning Poker: It is a consensus-based technique used in Agile projects where team members collectively estimate the effort required for user stories.
Source: Adapted from community discussion — Abdelmonm