Estimating Flashcards
1
Q
Analogous estimating
A
Top down
2
Q
Parametric estimating
A
Driven by measurement or parameter
3
Q
Definitive estimating
A
Bottom up
4
Q
Three-point estimating
A
Optimistic + most likely + and pessimistic/3
5
Q
What is contingency reserve
A
Not included in the cost baseline but is included in the overall budget and you need permission to use
6
Q
What is parametric cost estimating
A
Measurements such as square footage linear feet or mileage
7
Q
Pert
A
Need definition
