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12 March, 11:46

You work as a project manager for uCertify Inc. You have been assigned a new project that does not have a cost estimate. You're estimating the cost of the project on the basis of similar activities from the previous projects. Which technique are you using

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  1. 12 March, 12:13
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    Analogous

    Explanation:

    The analogous technique is one that is used to estimate the duration or cost of an activity or project by using historical data from a similar activity or project.

    It uses parameters such as duration, budget, size, load and complexity, as a basis for estimating the same parameters or measures for a future project.

    It is usually the fastest and most economical technique, but also the most imprecise.
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