Which is an example of analogous estimating?

The correct answer is B. Estimates are created by using information about resources of previous similar projects. Analogous estimating (also called top-down estimating) uses historical data from similar past projects to estimate current project parameters. It relies on similarity and expert judgment. Option A describes expert judgment. Option C describes parametric estimating, which uses…

Predictive, Plan-Based Methodologies

Question

Which is an example of analogous estimating?

Options

AEstimates are created by individuals or groups with specialized knowledge.
BEstimates are created by using information about resources of previous similar projects.
CEstimates are created by analyzing data.
DEstimates are created at the task level and aggregated upwards.

How the community answered

(50 responses)

A
2% (1)
B
94% (47)
D
4% (2)

Explanation

Analogous estimating (also called top-down estimating) uses historical data from similar past projects to estimate current project parameters. It relies on similarity and expert judgment. Option A describes expert judgment. Option C describes parametric estimating, which uses statistical relationships and data analysis. Option D describes bottom-up estimating, which builds estimates from the task level upward.

Topics

#Estimating Techniques#Analogous Estimating#Project Cost Management#Project Schedule Management

Community Discussion

No community discussion yet for this question.

Full CAPM Practice