Asked by
Estella Vronskiy
on Oct 19, 2024
Verified
A budget estimate based on a similar project is an) _____ estimate.
A) subtotaled
B) analogous
C) parametric
D) top-?bottom
E) bottom-up
Analogous Estimate
A cost estimation technique that uses the actual costs of previous, similar projects as the basis for estimating the cost of the current project.
- Discern between various methodologies for estimating costs and their deployment in project selection and planning processes.
Verified Answer
SS
Learning Objectives
- Discern between various methodologies for estimating costs and their deployment in project selection and planning processes.