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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