Which estimating technique uses historical data from a similar project as a starting point for creating a time or cost estimate?
A) analogous estimating
B) parametric estimating
C) bottom-up estimating
D) Monte Carlo estimating

Question

Quizplus · Accepted Answer

Analogous estimating, also known as top-down estimating, involves using historical data from a similar project as a starting point for creating a time or cost estimate for a new project. This technique is useful when there is limited information about the new project, and it can help to provide a rough estimate of the project's time or cost.

Which Estimating Technique Uses Historical Data from a Similar Project