PMP (Project Management Professional) · Question
Which estimating technique uses statistical relationship between historical data and other variables?
Parametric estimating uses a statistical relationship between historical data and other variables to calculate a cost estimate.
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Question: Which estimating technique uses statistical relationship between historical data and other variables?
Answer options:
- Analogous Estimating ✅ Parametric Estimating
- Three-Point Estimating
- Bottom-Up Estimating
Correct answer: Parametric Estimating
Explanation: Parametric estimating uses a statistical relationship between historical data and other variables to calculate a cost estimate.
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- Which project management approach emphasizes frequent communication, self-organizing teams, and adapting to ch
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- Which type of risk response strategy involves shifting the impact of a threat along with ownership to a third
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