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Estimating and Costing MCQs
Which estimating technique relies on historical data from similar projects to estimate costs?
2. Which estimating technique relies on historical data from similar projects to estimate costs?
- Bottom-up estimating
- Three-point estimating
- Analogous estimating
- Parametric estimating
Answer
The correct answer is: C) Analogous estimating
Explanation
Cost estimates from comparable projects are based on past data when using analogous estimation.