Question: Parametric estimating involves: A. Defining cost or duration parameters of the project life cycle. B. Calculating individual cost estimates for each work package and integrating

Parametric estimating involves:

A. Defining cost or duration parameters of the project life cycle.

B. Calculating individual cost estimates for each work package and integrating them to obtain the total cost of the project.

C. * Using a statistical relationship between relevant historical data and other variables to calculate a cost estimate for project work.

D. Using the actual cost of a previous similar project to estimate the cost of the current project

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