Analogous estimating uses resource information

Assignment Help Operation Management

Reference no: EM133709713

Question

Analogous estimating uses resource information from previous projects that are similar to the current project to estimate the new project and you can only identify a few levels of the WBS. It is good for making a quick estimate, especially when you have to do a quick bid on a project. It is usually less costly and time-consuming than other estimating methods but you must take into account the time, budget, size, weight, and complexity of the project.

Reference no: EM133709713

Questions Cloud

How is nursing regulated in your georgia : How is nursing regulated in your georgia? What are the strengths and weaknesses of the current regulatory process for licensed nurses in georgia?

List all flights and customers who depart from rockhampton : On the above table, if we want to add a record related to a customer, what kind of anomaly will happen? Justify your answer What is the highest normal form

Provide real-world example of the hawthorne effect : Provide a real-world example of the Hawthorne effect. List and describe the components of Maslow's Hierarchy of Needs.

What is the average power density : What is the average power density (dB FS/Hz) for baleen whales (specifically minke, humpback, fin, right, and sei whales) when doing acoustic monitoring?

Analogous estimating uses resource information : Analogous estimating uses resource information from previous projects that are similar to the current project to estimate the new project

How do the media influence president according to jillson : Explain how the media deals with these institutions in the framework of conflict and the horse race, and how it focuses coverage of the president.

Social democratic labor unions and organizations : What are the key differences between the organizations endorsed by Social Democratic labor unions and organizations Lenin advocates?

Evaluate the potential disasters : Risk Assessment Identify and evaluate the potential disasters that could impact Governor's State University.

Plan operating and staffing budget : The purpose of this assignment is to plan an operating and staffing budget, which is used in the day-to-day management of healthcare settings.

User Account

All Pages