Quiz – Cost Estimating Mastery

Question 1 of 6

1. Question

The COCOMO model provides parametric estimation by analyzing what?

Lines of code and complexity factors

Correct Incorrect Correct answer

Stakeholder power and interest

Correct Incorrect Correct answer

Optimistic and pessimistic dates only

Correct Incorrect Correct answer

Exchange rate volatility

Correct Incorrect Correct answer

Question 2 of 6

2. Question

What common principle do the three estimation methodologies share?

They eliminate cognitive bias by anchoring to historical data

Correct Incorrect Correct answer

They rely purely on intuition

Correct Incorrect Correct answer

They ignore historical outcomes

Correct Incorrect Correct answer

They require no team input

Correct Incorrect Correct answer

Question 3 of 6

3. Question

Monte Carlo simulation helps identify what?

Which cost drivers create maximum variance

Correct Incorrect Correct answer

The project charter scope

Correct Incorrect Correct answer

Stakeholder communication cadence

Correct Incorrect Correct answer

The WBS hierarchy levels

Correct Incorrect Correct answer

Question 4 of 6

4. Question

What happens when historical source data is contaminated?

It produces contaminated estimates

Correct Incorrect Correct answer

It automatically improves accuracy

Correct Incorrect Correct answer

It has no effect on the estimate

Correct Incorrect Correct answer

It reduces the number of iterations

Correct Incorrect Correct answer

Question 5 of 6

5. Question

Match each estimation method to its basis.

Sort elements

Parametric model using lines of code
Optimistic, pessimistic, and most-likely scenarios
Thousands of iterations over risk distributions

COCOMO

Correct Incorrect Correct answer

Three-point estimation

Correct Incorrect Correct answer

Monte Carlo simulation

Correct Incorrect Correct answer

Question 6 of 6

6. Question

Match each good practice to its reason.

Sort elements

Prevent contaminated estimates
Justify parametric assumptions
Reveal maximum-variance cost drivers
Separate optimistic from probable outcomes

Validate source databases

Correct Incorrect Correct answer

Document contributing projects

Correct Incorrect Correct answer

Run thousands of iterations

Correct Incorrect Correct answer

Define assumptions with the team

Correct Incorrect Correct answer