Question: Using data from past projects to estimate schedule and/or cost can be very effective when planning your current project. What is this type of estimating

  1. Using data from past projects to estimate schedule and/or cost can be very effective when planning your current project. What is this type of estimating called?

    a.

    Paragon
    b.

    Anarchistic
    c.

    Pragmatic
    d.

    Analogous

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!

Q:

IT 625 Final Project Guidelines and Rubric Overview Note: In order to successfully complete this project, you will need to carefully review the Final Project Guidelines and Rubric document and the...

Q:

Please read the article and follow the given instructions to answer the questions. I have attached the screenshots of the articles and number them. You have been given three dinstinctly different...

Q:

please ..please ...please.. help me with this ! please help me with this! EMBA 660 FBSU Project Management T TF T T T 10) T Q#1) True or False statements: Circle (T) for True or (F) 1) The cost of...

Q:

Question 1 Cost, time, and budget estimates are the lifeline for control; they serve as the standard for comparison of the actual and the planned throughout the life of the project. True False 2...

Q:

JPMA-01726; No of Pages 12 Available online at www.sciencedirect.com ScienceDirect International Journal of Project Management xx (2015) xxx - xxx www.elsevier.com/locate/ijproman Does Agile work? A...

Q:

The Brick Wall - Case Study 9.1 Scenario: It is now time to reexamine the brick wall example from this chapter. That example must be referred to while addressing this case study. It is now the end of...

Q:

1. Calculate the cost of each capital component, after-tax cost of debt, cost of preferred, and cost of equity with the DCF method and CAPM method. 2. What do you estimate the company?s WACC? Please...

Q:

Comment & Question 1 I enjoyed reading your narrative. I want to add to your point that contingencies are necessary in any project and tracked outside the project budget estimate, this way we are...

Q:

Project Management in Practice Major Scope Creep in Boston's "Big Dig" Boston's "Big Dig" highway/tunnel project is con- sidered to be one of the largest, most complex, and technologically...

Q:

Please help me with this paper!? 1. Executive Summary The first stage in planning and risk identification is to bring together the various stakeholders and provide a setting that encourages an honest...

Q:

Using the financial statements below, calculate the indicated financial ratios for the Harold Company and compare them with the industry norms. Indicate Yes if Harold Company's performance in 2021 is...

Q:

Campbell Soup Company is the worlds leading maker and marketer of soup and sells other well-known brands of food in 120 countries. Presented here are the items listed on its recent balance sheet...

Q:

Whenever subsequent events are used to evaluate the amount included in statements care must be taken to distinguish between conditions that existed at the balance sheet and those that come into being...

Q:

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...