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What cost estimation technique did Teddy use when he was requested to provide an estimate for an irrigation system? Teddy surveyed the entire field, assessed
What cost estimation technique did Teddy use when he
was requested to provide an estimate for an irrigation
system? Teddy surveyed the entire field, assessed the
conditions by licking a finger and feeling the air,
squinted into the sun, and ultimately stated a figure of
R allowing for a margin of error of approximately
A Parametric.
B Ballpark.
C Definitive.
D Comparative.
development project. She utilizes total costs from a
similar project that was completed last year to estimate
the costs on her current project. This is an example of:
A Parametric estimation
B Analogous estimation
C Rough order magnitude estimation
D Bottomup estimation
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