In practice, estimating processes are frequently assified as Broad/Specific. Rough/polished. Top down/bottom up. Draft/final. Precise/order of magnitude.
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In practice, estimating processes are frequently assified as
- Broad/Specific.
- Rough/polished. Top down/bottom up.
- Draft/final.
- Precise/order of magnitude.
- Technical requirements
- Limits and exclusions.
- Project objectives
- Deliverables
- Milestones
Which of the following describes the consensus method?
- Uses weighted macro variables or major parameters such as the number of inputs or outputs to estimate the total cost and time of the project
- Uses the number of square feet to estimate the total cost and time of the project
- Uses pooled experience of senior and/or middle managers to estimate the total project duration and cost
- Should be used only for projects that require the same task group of tasks, or product to be repeated several times
- Uses several people with relevant experience regarding the task at hand to make time and cost estimates
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