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15 April, 05:01

Which estimating technique uses a statistical relationship between historical data and other variables (e. g., square footage in construction, lines of code in software development) to calculate an estimate for scope, cost and duration?

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  1. 15 April, 05:05
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    Parametric estimating

    Explanation:

    It is a calculation technique in which an algorithm is used to calculate the cost or duration based on historical data and project parameters.

    The parametric estimation uses a statistical relationship between historical data and other variables (eg, square meters of construction) to calculate a variable of the parameters of an activity such as cost, budget and duration.
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