What are some examples of analogous estimating in project management?
In project management, accurate estimations are crucial for planning, allocating resources, and delivering successful outcomes. Among various estimation techniques, analogous estimating stands out as a quick, accessible method that leverages historical data to predict the cost, time, or effort required for a new project. While it may not provide the precision of more granular methods, analogous estimating remains a valuable tool for project managers when detailed information about a project is scarce.… [ Read the rest...]
