PMP Exam Question 58

Aligned with PMBOK 6th Edition®.

Estimation of Cost

Simon is the project manager in the construction of a new soccer stadium. He is now analyzing the relationships between the estimation of cost and the actual costs to build the different parts of the stadium in order to contribute to the project outcomes and to improve performance on future projects. Which data analysis technique is Simon using?

A. Variance analysis.
B. Lesson learned report.
C. Trend analysis.
D. Regression analysis.

2 responses on "PMP Exam Question 58"

  1. PMP Solution 58

    Variance analysis can be used to improve the metrics of the organization by comparing what was initially planned and the end result to determine if the variance is within the threshold amount or if corrective or preventive action is appropriate, but not to improve performance on future projects. On the other hand, trend analysis can be used to validate the models used in the organization, to implement adjustments and to forecast future performance based on past results, but it is not neither directly used to improve performance on future projects as stated. Lesson learned report is not a project document included in PMBOK 6th Edition. Regression analysis analyzes the interrelationships between different project variables that contributed to the project outcomes to improve performance on future projects. Therefore, right answer is D. [PMBOK 6th edition, Page 126] [Project Integration Management]


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