The estimating approach that is best to use on projects where there is an unusual amount of uncertainty surrounding the project and when it is impractical to estimate times and costs for the entire project is known as ___________.
A) range estimating
B) parametric procedure
C) template method
D) phase estimating method
E) WBS method

Question

Quizplus · Accepted Answer

The phase estimating method is best suited for projects with a high degree of uncertainty. It allows for the estimation of costs and times for each phase of the project as it progresses, rather than requiring a full project estimate upfront. This approach provides flexibility to adjust estimates as more information becomes available.

The Estimating Approach That Is Best to Use on Projects