Question

This project is similar to a project you completed a few months ago and you would like to reference the older project for information. Which estimating technique uses a similar project to predict how long the current project will take to complete?
A. Analogous estimating
B. Parametric estimating
C. Organizational process assets
D. Bottom-up estimating

Answer 1

Answer:

The correct answer is A. Analogous estimating.

Explanation:

The analogous estimate, also called top-down estimates, means the use of real durations of similar previous activities, as the basis for the estimation of the duration of a future activity. It is frequently used to estimate the duration of the project when there is a limited amount of project detail information (for example in the initialization phase).

The Analog Estimate is also called top-down, it consists of using the real costs of similar previous projects as a basis for the estimation of costs of the current project. This technique is frequently used when the detail of the information about the current project is limited ( for example in the early stages Analog Estimation is a form of expert judgment It is less expensive than other techniques, and usually less accurate It is more reliable when the previous project is similar in fact and not only in appearance and when groups or individuals who prepare estimates, have the required experience.