Multiple Choice
Which estimating technique uses an algorithm to calculate cost or duration based on historical data and other project parameters?
A) empirical estimating
B) parametric estimating
C) grass roots estimating
D) analogous estimating
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: There are many causes of variation in
Q7: A milestone is a typical measuring point
Q8: On small projects,the cost management plan may
Q12: Vendor bid analysis is used to determine
Q22: Early in a project when very little
Q27: Typically,expedited costs are preferred over regular costs.
Q28: Regardless of what method is used to
Q33: Recurring costs tend to occur during project
Q34: Complex projects such as research and development
Q42: Describe several sources of uncertainty in estimating