Question

A project manager is planning a new office relocation and has very little detailed information about the individual tasks. However, the organization completed a nearly identical relocation for a similar department 18 months ago. The PM needs a quick, high-level duration estimate to include in an early planning document. Which estimating technique is MOST appropriate?

Accepted Answer

Analogous estimating using data from the prior relocation project

Answer

Bottom-up estimating by decomposing each work package

Answer

Three-point estimating using optimistic, most likely, and pessimistic values

Answer

Parametric estimating using a statistical cost-per-unit model