Which type of estimate uses the actual cost of a previous, similar project as the basis for estimating the cost of the current project?
A) definitive estimates
B) parametric estimates
C) bottom-up estimates
D) analogous estimates

Question

Quizplus · Accepted Answer

Analogous estimates use the actual cost of a previous, similar project as the basis for estimating the cost of the current project. This technique requires a good deal of expert judgment and is generally less costly than other techniques, but it is also less accurate.

Which Type of Estimate Uses the Actual Cost of a Previous