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Analogous Estimating: Definition & Use

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question 1 of 3

Looking at past projects to get an estimate of your current project's cost and time frame is known as what?

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1. If you are using analogous estimating and you find a past project similar to your current project that took three weeks and $5000 to complete, roughly how much time and money should you budget for your current project?

2. Which type of estimating takes the relationships between variables into consideration?

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About This Quiz & Worksheet

You have the chance to see what you know about analogous estimating thanks to the quiz and worksheet. What this term means and how it works are topics you need to know in order to have success on the quiz.

Quiz & Worksheet Goals

Take the quiz multiple times to see what you know about:

  • When analogous estimating is appropriate to use
  • A type of estimating that takes the relationships between variables into consideration
  • Two factors that analogous estimating can provide you
  • An example of using analogous estimating
  • Process of looking at past projects to get an estimate of your current project's cost and time frame

Skills Practiced

  • Making connections - use understanding of the concept of analogous estimating and its purpose
  • Information recall - access the knowledge you have gained about factors gained from analogous estimating
  • Reading comprehension - ensure that you draw the most important details from the lesson on analogous estimating

Additional Learning

Work through the lesson titled Analogous Estimating: Definition & Use to get more comfortable with this concept. Goals you can cover include:

  • Determine how companies can be successful with analogous estimating
  • Identify factors that analogous estimating focuses on
  • Compare and contrast different estimating methods
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