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In the ________ Method of Estimating Project Time and Costs

question 33

Short Answer

In the ________ method of estimating project time and costs past projects are used as a starting point with adjustments made based on differences in the new project.


Definitions:

Percentile

A metric signifying the threshold under which a specified proportion of entries in a dataset are found.

Measurements

Quantitative data collected by noting the extent, dimension, quantity, or capacity of something using standard units.

Interquartile Range

The difference between the 75th and 25th percentiles of a data set, measuring the spread of the middle 50% of the data.

Summary Statistics

Numeric values that summarize and provide information about your sample data, including measures like mean, median, and standard deviation.

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