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Analogous estimating uses resource information from previous projects that are similar to the current project to estimate the new project and you can only identify
Analogous estimating uses resource information from previous projects that are similar to the current project to estimate the new project and you can only identify a few levels of the WBS. It is good for making a quick estimate, especially when you have to do a quick bid on a project. It is usually less costly and time-consuming than other estimating methods but you must take into account the time, budget, size, weight, and complexity of the project
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