SOFTWARE PROJECT MANAGEMENT
PROJECT SCHEDULING AND TRACKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Frequently used to estimate project duration when there is a limited amount of detailed information about the project.
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A bottom-up estimating technique.
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Based on multiple duration estimating.
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Generally more accurate than other duration estimating methods when expert judgment is used.
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Detailed explanation-1: -What is analogous estimating? Analogous estimating is a technique that uses information from a similar past project in order to estimate the cost and duration of a planned project. This approach is often used when there is limited data available for a project, making it difficult to generate accurate estimates.
Detailed explanation-2: -One of the most popular estimating techniques is analogous estimating. It involves using data from previous, similar projects to estimate activity durations on your project.
Detailed explanation-3: -The analogous estimating technique uses information from similar projects to establish a cost estimate based on the data available. Analogous estimating needs to include expert judgement in order to establish reusability of the data. Analogous estimating is used where there is limited information about the project.