Multiple choice

Which method involves reasoning by similarity with one or more completed projects to relate their actual costs to an estimate of the cost of a similar new project?

  1. Analogy estimation

  2. Top-down estimation

  3. Algorithmic models

  4. Price to win

  5. Cost variance

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A Correct answer
Explanation

This method involves reasoning by analogy with one or more completed projects to relate their actual costs to an estimate of the cost of a similar new project.