Question: Parametric cost estimating involves: A. Defining the parameters of the project life cycle. B. Calculating individual cost estimates for each work package. C. Using a

Parametric cost estimating involves: A. Defining the parameters of the project life cycle. B. Calculating individual cost estimates for each work package. C. Using a statistical relationship between historical data and other variables to calculate a cost estimate. D. Using the actual cost of a similar project to estimate total project costs.

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