Analogous estimating method is used for activity duration estimation.
What is Analogous Estimation?
Using the analogous estimation technique, the project manager examines a previous project, analyzes its factors, and uses that data to estimate the size and expense of the current project.
Why is analogous estimating most reliable?
When there are few specifics available early in the project, analogous estimation is a more accurate method of estimation. The technique is straightforward, and it takes very little time to estimate. Since the method is based on the organization's prior project data, a high success rate for the organization can be anticipated.
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