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Question
a project manager is trying to estimate costs for a new project to develop bottles out of recycled material. what method should be utilized for this type of estimating? top - down parametric analogous bottom - up
This is a new, untested project (recycled material bottles) with no detailed data yet. Analogous estimating uses similar past project costs to quickly estimate, which is ideal for early-stage, unique projects where parametric (needs historical data relationships), bottom-up (needs detailed task breakdown), or top-down (high-level, less precise for specific new projects) methods are not feasible.
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Analogous