Exam PMP topic 1 question 489 discussion

agree with B, only bosses decide about portfolio, not teams

A is right answer

Chose A because it the best of the worst. How does the feature value influence the budget? It influences prioritisation, but cost? I don't get it

This is freaking A. From google AI "The project manager and project management team are typically responsible for estimating a project's budget."

I have never seen a team member calculate a budget.

A is correct

Rem, this is a portfolio backlog and prioritization is done at the portfolio level, so most likely the projects have not started. so there is no team, no product owner.

in my opinion, A is correct here

This questions is highlighting its criticality, then we should use the more accurate approach instead of just base on experience.

All the team of the project with the sponsor, PM and PO make the estimation of the budget. Each member make the estimation about his part collects the data and completes the estimation of the budget.

estimate from the team usually more accurate than the sponsor and team facilitator.

1. The question doesn´t talk abuot Prject Team decide about the product backlog, it just ask about how the Project budget must be estimated ""How should the project budgets be estimated?"". 2. Budget is performed by accumulating all the Project Costs and Project Cost is performed by estimating each story user by the Project Team.

B doesnt make sense to me why are we budgeting for the staff to get projects done, priority would be on the deliverables.

Based on Andrew Ramadyal, best approach the team for schedule, cost, and work estimates. B is wrong. Budget estimates are provided based on the experience of the sponsor, product owner and team facilitator 1.) Seriously? Ask the sponsor for budget estimate of YOUR project? 2.) Product Owner doesn't need to worry himself of cost. This is from PMI studyhall. IT'S THE TEAM WHO BEST KNOWS THE ESTIMATE. NOT THE SPONSOR, PRODUCT OWNER, OR THE FACILITATE. THEY ARE CONSIDERED THE SME!!!! NOT THE PROJECT LEADS!!!!

A. The project is decomposed into features and based on the feature value and the velocity of the team, the team provides the estimate

Start with Experience-Based Estimation (Option B) at a high level to quickly assess the overall budget requirements.

The Portfolio Backlog is a Kanban system that is used to capture and manage the business and enabler epics intended to create and evolve the portfolio's products, services, and solutions.