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Match the scenarios provided to the most appropriate estimating technique. Select the best option for each scenario. Scenarios: A. Management and project team work together
Match the scenarios provided to the most appropriate estimating technique. Select the best option for each scenario. Scenarios: A. Management and project team work together in a forthright manner to understand differences in the estimates and agree on updates and changes. B. Top management estimates the total cost of the project C. Management is using a historical database of unit cost information to determine the estimate. D. Your project team members are working together to determine the estimate for each work package. E. Iterative sessions are used to come to an agreement on an estimate using a panel of experts. F. Management is using historical project information of similar projects to determine the estimate. G. Management is reviewing a report that shows the probability of success of various estimates. Estimating Techniques: 1. Top-Down Estimating 2. Bottom-Up Estimating 3. Iterative Estimating 4. Parametric Estimating 5. Analogous Estimating 6. Delphi Method 7. Monte Carlo Estimating
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