Which statement is true of analogous estimates?
A) Their main disadvantage is that they cost more than other techniques.
B) They are the only technique which do not require expert judgement.
C) They are most reliable when previous projects are similar in fact with current projects.
D) They use project characteristics in a mathematical model to estimate project costs.

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. They are most reliable when the previous projects are similar in fact, not just in appearance.

Which Statement Is True of Analogous Estimates