ITPEC FE Morning April 2021 Question 53
ITPEC FE Morning April 2021 — Question 53 of 80
The question asks which technique uses actual duration of a similar past job to estimate a new one. This is the definition of analogous estimating — it relies on historical data from comparable projects.
Why not others:
- (b) Parametric estimate — uses a mathematical model with measurable parameters (e.g., cost per unit × number of units)
- (c) Reserve analysis — calculates time/cost buffers for risk, not the base estimate itself
- (d) Three-point estimate — combines optimistic, most likely, and pessimistic values using (O + 4M + P) / 6
Key rule: Analogous = "last time a similar job took X, so this one should too."
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