You are working on cost estimates of a project and you are the project manager. You got to know that in past two similar projects has been done and successfully delivered. You approach the PMO department to get the cost performance baselines, lessons learned and other information that can help with your cost estimate. What cost estimate technique are you using?
2.Net Present Value
3.Rough Order of Magnitude
Correct option 4
Just two add word similar then the answer would be fine. Otherwise answer It could be parametric.
Since there is no such explanation about the scale or magnitude at the difference between the Current Project and the Previous project , it is best to go with " Analogous Estimate "
Please see the definition at Glossary PMBOK Page-528 and page 548
I think option 1 should be good as project parameter is absent in the Question.
Who is online
Users browsing this forum: Bing [Bot], seema.sonkiya and 7 guests