SUBJECT: ENGINEERING AND PROJECT MANAGEMENT

Evaluate the below statement according to the estimation of activity duration tools, write the number of the correct statement inside the box.(Expert judgement, Parametric Estimation, Bottom-up estimating, Three-point Estimating, The Delphi Technique, Analogous Estimation)

Relies information from similar projects to determine the activity duration; needs historical data.

Breaking down the work structure to reduce activities into smaller, more manageable tasks, useful for building accountability through assigning specific tasks to team members.

Makes use of group intelligence to determine the activity duration, Scaling up or down the analogous estimate.

More accurate to analogous, Scaling up or down the analogous estimate.

In this method, the estimator determines three numbers (Optimistic, Most Likely, Pessimistic).

For projects that are complicated and more factors can influence the duration, reasonably costly.