Question

You are creating a schedule duration estimate for the activities in the PDR Project. You’re working with your project and comparing the results of a past similar project to predict the time of the current project. What estimating approach are you using?
A. Organizational process assets
B. Parametric
C. Analogous
D. PERT

Answer 1

Answer: C- Analogous

Explanation: Analogous estimating approach is mostly used when the project being worked on has details that are inaccessible at the moment or restricted in size. However, it is easy and not time-consuming to perform.

The rate of its accomplishment is very huge compared to the other estimating approach as it is established on the company ’s past similar project information.