In January $2024,$ a construction project manager completed $10$ townhouses in area X for$ $5,000,000.$ In February, the project manager is asked by the portfolio manager to prepare a budget for a similar project in the area X$,$ to start in the same month, and be finished at the end of $2024.$ It is assumed that inflation within $2024$ is negligble.

What estimation technique would you choose?

Expert Judgment

Group Decision$-$Making Techniques

Analogous Estimating

Parametric Estimating

Three$-$Point Estimating

Bottom$-$Up Estimating

Reserve Analysis

Cost of Quality