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What is analogous estimating?

A.”bottum-up” estimating technique.

B.”drop-down” estimating technique.

C. more costly and more accuratelyestimating technique.

D. technique used when you have no subject matter experts available.

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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2016/11/26
Siddhartha Dey
by Siddhartha Dey , Head - Infrastructure Vertical , Oman Shapoorji Company LLC

Analogous Estimating is a comparison of a project estimate with similar project costs executed or estimated earlier. Derives from "Analogy". Help to develop an initial estimate based on similarity of parameters. 

Krishna   KHASANIS  PMP
by Krishna KHASANIS PMP , Project Manager-Electrical , Larsen & Toubro Ltd, P T & D (International)

Thanks for the invitation , my choice is option B - drop ( Top ) - down estimating technique .

Praveen Kumar
by Praveen Kumar , Project Manager , NKG Infrastructure Ltd.

My choice is 'B".

As the name suggests, Analogous estimates is an estimates based on analogy i.e. based on similar works executes in past. It is not very accurate in comparison to parametric estimation as it does not account for inter relationship between different attributes of an activity. 

 

Muhammad Farooq
by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

The most appropriate  option is  B:”drop-down” estimating technique.

DR MD ANWAR HOSSAIN
by DR MD ANWAR HOSSAIN , Moderator , bayt.com

Thank you. I think D is appropriate answer.

Tarique  Zafar
by Tarique Zafar , Estimation Supervisor , Saudi Anfal Group

B.”drop-down” estimating technique.

D. technique used when you have no subject matter experts available.

Maher Youssef
by Maher Youssef , Head of Studies and Designs , THAKHER Investment and Real Estate Development Co.Ltd

it is to compare past or previous project to similar current projects

C. more costly and more accuratelyestimating technique.

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