Which Type of Estimating Uses Project Characteristics in a Mathematical

question 13

Multiple Choice

 Which type of estimating uses project characteristics in a mathematical model to estimate project costs?

• A) rough order of magnitude estimating
• B) parametric
• C) bottom-up 
• D) analogous

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.

Supply

A schedule of quantities that people will sell at different prices.

Net Worth's

The total assets minus total outside liabilities of an individual or a company, indicating financial health or position.

Billion

A numerical value representing one thousand million (1,000,000,000) in the American short scale.