PMI Updated PMI-002 Exam Questions and Answers by valentino

All are inputs of close project process.

Bottom-up estimating: Estimating the cost of individual work items and then rolling up the costs to arrive at a project total: It is more accurate. Analogous estimating: Analogous estimating is also called top-down estimating and uses the actual cost of a previous, similar project as the basis for estimating the cost of the current project. Parametric estimating: Using project characteristics (or parameters) in a mathematical model to predict costs (e.g., price per square meter).

The BAC is the budget at completion (Total budgeted cost), which is $200,000.

The RACI matrix lists responsibilities of all resources. The staffing management plan only lists types of resources and timing.