Which of the Following Is True of Analogous Estimates

question 47

Multiple Choice

Which of the following is true of analogous estimates?

• A)Their main disadvantage is that they cost more than other techniques. 
• B)They are the only technique which do not require expert judgement. 
• C)They are most reliable when previous projects are similar in fact with current projects. 
• D)They use project characteristics in a mathematical model to estimate project costs.

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Definitions:

Census Family

A unit defined for statistical purposes in a census, often including individuals related by blood, marriage, common-law, or adoption living in the same dwelling.

Economic Family

A group of individuals related by blood, marriage, or adoption who live together and are financially interdependent.

Family of Procreation

The family established through marriage and childbirth, as opposed to the family one is born into.

Family of Orientation

The family unit into which a person is born or adopted, predominantly influencing their early socialization and development.