For those pursuing a CBAP® or PMP® how to use those techniques and whether they are mutually exclusive can become a bit confusing. Hundreds of exam banks for the PMP® exam often seem to force a PMBOK® based exclusion (see Sections 6.3, 6.4 and 7.1). That is not accurate. The estimates for schedule and cost are in practice used together and also not presented as mutually exclusive on the PMP exam.
Now for a quick review of how the four estimate types might work together.....
http://www.pmhub.net/wp/2011/02/a-simple-matter-of-estimates-analogous-to-pert/#more-1849
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