Analogous Estimates Are the Most Accurate Technique to Estimate Costs
Two estimating techniques that may appear on the PMP CAPM PMI-SP and PMI-RMP exams are analogous estimating and parametric estimating. The analogous estimation method uses past data of similar projects to estimate costs for the project. Analogous Estimating Definition Examples Pros Cons Project Management Info Analogous estimates requires a good deal of expert judgment and is generally less costly than other techniques. . The fastest and easiest estimation method to give a rough estimation. This method of estimation relies upon a combination. One of the biggest downsides of using this estimation technique is low accuracy which is quite evident because of usage of old data. While it is less accurate than other methods it can be used to produce an order of magnitude or an initial estimate. Analogous estimates are also known as _____ estimates. It is a quick method and requires little data to do so. Because t...
Comments
Post a Comment