Which type of estimate uses the actual cost of a previous similar project as the basis for estimating the cost of the current project quizlet? ✅ Uy Tín
Mẹo Hướng dẫn Which type of estimate uses the actual cost of a previous similar project as the basis for estimating the cost of the current project quizlet? 2022
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- Which type of estimate should be used if the cost estimate for a project is used?What type of estimating uses information from previous similar projects?What term is used for analogous estimates quizlet?What is the analogous estimate?
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Which type of estimate should be used if the cost estimate for a project is used?
Analogous estimates are the most accurate technique to estimate costs. In a bottom-up estimate, the size of the individual work items is one of the factors that drives the accuracy of the estimates. Parametric models are reliable when the models are flexible in terms of the project's size.What type of estimating uses information from previous similar projects?
Analogous estimating is an estimation technique is also referred to as top-down estimating. It involves leveraging the estimators' experience or historical data from previous projects by adopting observed cost, duration or resource needs to a current project or portions of a project.What term is used for analogous estimates quizlet?
Analogous estimates are called activity-based costing.What is the analogous estimate?
The analogous estimating technique uses information from similar projects to establish a cost estimate based on the data available. Analogous estimating needs to include expert judgement in order to establish reusability of the data. Analogous estimating is used where there is limited information about the project. Tải thêm tài liệu liên quan đến nội dung bài viết Which type of estimate uses the actual cost of a previous similar project as the basis for estimating the cost of the current project quizlet?