Which of the following statements about the cost estimation methods is False?
A) With the conference method, the accuracy of the cost estimates largely depends on the accuracy and details of the inputs.
B) The methods require more historical data than most quantitative analyses.
C) The methods are not mutually exclusive.
D) There are four methods generally used for cost estimation.
E) Many organizations use a combination of the approaches.

Question

Quizplus · Accepted Answer

The statement is false because cost estimation methods typically require less historical data than most quantitative analyses, as they often rely on expert judgment or simple models.

Which of the Following Statements About the Cost Estimation Methods