Difference between revisions of "Analogous Estimating"

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(Created page with "Analogous Estimating is a technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. See also bott...")
 
 
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==Definition==
 
==Definition==
According to [[Macroeconomics by Mankiw (7th edition)]],
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According to the [[PMI Lexicon of Project Management Terms]],
 
:[[Analogous Estimating]]. A technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. See also bottom-up estimating, parametric estimating, program evaluation and review technique (PERT), and three-point estimating.
 
:[[Analogous Estimating]]. A technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. See also bottom-up estimating, parametric estimating, program evaluation and review technique (PERT), and three-point estimating.
  
[[Category: Economics]][[Category: Articles]]
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[[Category: Project Management]][[Category: Articles]]

Latest revision as of 18:10, 3 July 2020

Analogous Estimating is a technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. See also bottom-up estimating, parametric estimating, program evaluation and review technique (PERT), and three-point estimating.

Definition

According to the PMI Lexicon of Project Management Terms,

Analogous Estimating. A technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. See also bottom-up estimating, parametric estimating, program evaluation and review technique (PERT), and three-point estimating.