Question: Analogous Estimating is an estimation technique that uses the values of parameters such as scope, cost, budget, and duration from a previous similar activity as

Analogous Estimating is an estimation technique that uses the values of parameters such as scope, cost, budget, and duration from a previous similar activity as the basis of activity. It is frequently used for estimation when there is a limited amount of information about the project. This is a form of:

Gross value estimation Function point estimation Fixed point estimation Precision Estimation

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Fraud Examination Questions!

Analogous Estimating is an estimation technique that use the values of parameters such as scope, cost, budget and duration from a previous similar activity as the basis of activity and is frequently...

Questions 1 The reason that the critical path is critical is that every single activity on the path must finish on time in order for the project to come in on time. A delay in any one of the critical...

Match each estimating technique with the correct description. Question 5 options: A cost-estimating method that uses values, or attributes, of a previous project that are similar to the current...

____________ estimating uses values, or attributes, of a previous project that are similar to the current project. Values and attributes of the projects may include but are not limited to: scope,...

estimating uses values, or attributes, of a previous project that are similar to the current project. Values and attributes of the projects may include but are not limited to: scope, cost, budget,...

3 (5 points) ____________ estimating uses values, or attributes, of a previous project that are similar to the current project. Values and attributes of the projects may include but are not limited...

There are different Estimating techniques. Review the chart below and discuss which method you feel would be best from project costing perspective? And which technique would be worst? Please make...

18. When does payback occur? When the net costs are lower than the cumulative benefits When the net cumulative benefits equal the net cumulative costs When the cumulative benefits are double the...

Match the following terms and definitions. Terms may be used only once. Function Point [Choose] [Choose] are the result of workers improving the processes they are using to complete their tasks....

How is the 5% error distributed in a one-tail and two-tailed test?

Cannibal Hospital Corporation is considering buying a small, local hospital for $125 (all dollars in millions). If the firm makes the investment (today), its cash flows will increase by $10 in year...

PA 4-6 (Algo) Atlas Incorporated is a toy bicycle manufacturing... Atlas Incorporated is a toy bicycle manufacturing company producing a five-inch small version of the bike that Lance Armstrong rode...

Suppose that two flashlight beams are shone on a white screen, one through a pane of blue glass and the other through a pane of yellow glass. What color appears on the screen where the two beams...