Matching
Four methods for estimating costs can be broadly identified:
-The PEP
A) where cost estimates are developed by comparing to past similar projects to provide outside view with the aim of reducing the variance
B) where estimates are established from preliminary engineering work with an accuracy range of approx.70 percentage points
C) which provides estimates based on the work during the Define stage with an accuracy range of approx.38 percentage points
D) usually used early in the life cycle when there is very limited information or time to prepare with an accuracy range of approx.90 percentage points

Question

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The Answer of Matching
Four methods for estimating costs can be broadly identified:
-The PEP
A) where cost estimates are developed by comparing to past similar projects to provide outside view with the aim of reducing the variance
B) where estimates are established from preliminary engineering work with an accuracy range of approx.70 percentage points
C) which provides estimates based on the work during the Define stage with an accuracy range of approx.38 percentage points
D) usually used early in the life cycle when there is very limited information or time to prepare with an accuracy range of approx.90 percentage points

Matching Four Methods for Estimating Costs Can Be Broadly Identified