You work as a project manager for company Inc. You are working on a project where there is a limited amount of detailed information about the project or program. Which of the following estimation techniques will you use to accomplish the task?
You work as a project manager for company Inc. You are working on a project where there is a limited amount of detailed information about the project or program. Which of the following estimation techniques will you use to accomplish the task?
I remember studying that when there's limited information, the analogous estimation technique might be the best choice since it relies on historical data.
Bottom-up estimation would be ideal, but it sounds like we don't have the granular details needed for that. I'll probably go with the Three-point method to account for the uncertainty.
Parametric estimation could work here, but I'm not sure I have enough historical data to use that effectively. I might play it safe and go with the Analogous approach.
Okay, let me think this through. Since there's limited information, I'm leaning towards the Three-point estimation technique. That should give me a good range to work with.
Hmm, this seems like a tricky one. I think I'll go with the Analogous estimation technique since we don't have a lot of detailed information about the project.
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