All of the following factors must be in place in order to develop an analogous estimate effectively EXCEPT:
A) An organization must know details behind the time value of money.
B) An organization must know how the proposed project differs from the previous project.
C) An organization must have experience in performing similar projects.
D) An organization must know how much previous projects actually cost.

Question

Quizplus · Accepted Answer

Understanding the time value of money is not necessary for developing an analogous estimate, which relies on comparing the current project to past similar projects in terms of scope, cost, and other factors.

All of the Following Factors Must Be in Place in Order