Question: based on a previous project that has been completed, a project manager decides the best way to estimate costs is through historical data. what kind

based on a previous project that has been completed, a project manager decides the best way to estimate costs is through historical data. what kind of estmating is this

? 1 .

parametric

2 .

analogous

3 .

bottom

-

4 .

three

-

point

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

5. Stock Index Futures Arbitrage On February 26, 1986, Jim Lucey, a program trader at a New York Stock Exchange member firm, studied the pricing of futures contracts written on the Major Market Index...

Question 1 You are remodeling rooms in your hotel. You chose the designer and have viewed her many ideas for colors and styles. With your team, you settle on a final design for an efficiency and a...

Project Selection, Final Charter, and Preliminary Project Plan Project Selection, Final Charter, and Preliminary Project Plan Learning Team C CPMGT/305 May 16, 2016 John Braeger 1 Project Selection,...

For the purpose of this assessment, you are to imagine that you are hired by Palladium Private (https://www.palladiumprivate.com/) as a Project Manager. Palladium Private started in 2003 and is a...

Objectives Develop experience in working with a team. Review real world problems, and identify elements of decision-making, analyze the problem and its various elements, describe the theories used to...

PAPERS What Project Strategy Really Is: The Fundamental Building Block in Strategic Project ManagementPeerasit Patanakul, Stevens Institute of Technology, Hoboken, NJ, USA Aaron J. Shenhar, Rutgers...

OPERATIONS MANAGEMENT ASSIGNMENT 6 1 Human resources, project management and operations management are all equally vital to a business's success. Each of these focuses on different areas of the...

I need your help with this: Can you please quote from the attached chapters / resource if possible? Corporations often use different costs of capital for different operating divisions. Using an...

List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...

Answer the following questions: Attached screenshots is for question 3. I have put the page number on the screenshots. 11:18 AM Sun Mar 5 . . . @ 96%...

Amazon Marketplace Case Study: Deliverable for Submission. Write Step 4, The Problem and Step 5, The Solution of the Press Release for the proposed Seller Fulfilled Prime (SFP) initiative. In June...

1. In an experiment with an Ostwald viscometer, the viscosity oftoluene and water at 303 K is 0.6 and 0.8 poise.The times offlow of water and toluene are 41 s and 34.5 s. The density of wateris 1.002...

Which of the reconciling items listed in Exercise 5-16 are required to be in the companys accounts?

The liquidity risk premium is compensation to imestors for investing in securbes trut cannot be sold gaidey for cash compenation paid to investor for mesting in secir ces that have a hah rik of...

At December 31, the unadjusted trial balance of H&R Tacks reports Interest Payable of $0 and Interest Expense of $0. Interest incurred and owed in December totals $580. Required: 1. Prepare the...