Ask Question
24 August, 11:36

Which estimating technique uses a statistical relationship to calculate cost or duration based on historical data and other project parameters? Selected Answer:a. parametric estimatingAnswers:a. parametric estimatingb. analogous estimatingc. grass roots estimatingd. empirical estimating

+4
Answers (1)
  1. 24 August, 12:46
    0
    parametric estimating

    Explanation:

    parametric estimating - it is referred to as a technique that is induced to calculate the exact cost and duration for any project. It defined the relationship between the variables (published data) needed to estimate the cost and duration. it determined the total number of units that need to be required and unit cost for a particular project. The main application of this technique is seen in filed like engineering, life science, etc.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which estimating technique uses a statistical relationship to calculate cost or duration based on historical data and other project ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers