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The Analogous method is used to determine the duration or cost of a project based on similar projects that have been done. Using other projects
The Analogous method is used to determine the duration or cost of a project based on similar projects that have been done. Using other projects as refrence guides the estimator should also be aware of the processes that are involved in the project and how the current project differs from previous ones. Also it is benneficial for the estimator to know what the actual costs of the previous projects to better have an idea of the overall cost factor
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