Question: Analogous estimating uses information from a previous project to estimate the cost of completing a similar project in the future. Why should project managers apply

Analogous estimating uses information from a previous project to estimate the cost of completing a similar project in the future. Why should project managers apply caution using this type of estimating?

Analogous estimating only works when comparing projects that are similar in scope and will be completed in similar conditions.

Analogous estimating only works when comparing projects that have different scopes and will be completed in differing conditions.

Analogous estimating only works when comparing projects that are similar in scope and will be completed in very dissimiliar conditions.

Analagous estimating only works when comparing projects that have completely different scopes and will be completed in similar conditions.

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