Question: The project manager is creating an estimate for building a warehouse and distribution center. It is a project similar to those he executes about three
The project manager is creating an estimate for building a warehouse and distribution center. It is a project similar to those he executes about three times a year. He is using the rule of thumb of $100 per square foot to calculate the estimate. What type of estimate is this?
a. Parametric
c. Gut feel
b. Analogous
d. Bottom-up
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The type of estimate the project manager is using in this scenario is b Analogous Heres why the othe... View full answer
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