### Analogous Estimates

Posted:

**Sun Jul 16, 2017 10:48 pm**Question :

You are working on cost estimates of a project and you are the project manager. You got to know that in past two

1.Parametric Estimation

2.Net Present Value

3.Rough Order of Magnitude

4.Analogous Estimation

Correct option 4

Just two add word

Any suggestion!

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?1.Parametric Estimation

2.Net Present Value

3.Rough Order of Magnitude

4.Analogous Estimation

Correct option 4

Just two add word

**similar**then the answer would be fine. Otherwise answer It could be parametric.Any suggestion!