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What cost estimating technique would be most appropriate for the following situation?
To determine the most appropriate cost estimating technique, I would need details about the specific situation, such as the project's complexity, the level of detail required, and the available data. However, generally, if the project is well-defined with historical data available, analogous estimating could be effective. For projects with less certainty, parametric estimating might be suitable, while bottom-up estimating is ideal for detailed and complex projects. Ultimately, the choice depends on the specific context and requirements of the project.
What else can I help you with?
What is the appropriate technique of stimulating a baby to breath?
stimulate infants hands
What are the 4Rs technique in the nsc?
The 4Rs technique in the National Security Council (NSC) stands for Recognize, Report, Respond, and Reduce. It is a framework used to respond to cyber threats by recognizing suspicious activity, reporting it to the appropriate authorities, responding with appropriate actions, and working to reduce future risks.
What is the process of estimating the age of an object using the half life of one or more radioactive isotopes called?
The process of estimating the age of an object using the half-life of one or more radioactive isotopes is called radiometric dating. This technique relies on measuring the amount of parent and daughter isotopes in a sample to calculate how much time has passed since the material was formed.
A technique that involves systematically following a series of steps to learn about how something works is called the?
functional process
In the following conservation which discussion technique does Daniel most clearly show?
To provide an accurate analysis of which discussion technique Daniel most clearly shows in the conversation, I would need specific details or excerpts from that conversation. Please share the context or quotes, and I can help identify the technique used.
What cost estimating technique would be most appropriate for the following situation A DoD Component is trying to budget for the overhaul of 10 air refueling tankers Cost data is available from five?
Analogy: An estimate of costs based on historical data of a similar (analog) item.
What cost estimating technique would be most appropriate for the following situation A DoD Component is trying to budget for the overhaul of 10 air refueling tankers. Cost data is available from five?
Analogy: An estimate of costs based on historical data of a similar (analog) item.
What cost estimating technique would be indicated for the following situation The Program is going to a MS C Decision in a year The estimate is due several months to a year from now.?
Engineering
What cost estimating technique would be indicated for the following situation The Program is going to a MS C Decision in a year. The estimate is due several months to a year from now. The estimate nee?
In this situation, a parametric estimating technique would be appropriate. This method uses statistical relationships between historical data and project variables to develop cost estimates, allowing for quicker calculations based on existing data. Given the timeline and the need for accuracy, this approach can provide a reliable estimate while accommodating potential changes in scope or project conditions. Additionally, using analogous estimating could complement this by leveraging costs from similar past programs.
What cost estimating technique would be indicated for the following situation The Program is going to a MS C Decision in a year The estimate is due several months to a year from now?
In this situation, a parametric estimating technique would be appropriate, as it relies on statistical relationships between historical data and project parameters. This method can provide a timely estimate by using established metrics from similar projects, allowing for adjustments based on anticipated changes. Additionally, expert judgment can be incorporated to refine the estimate further, ensuring it aligns with the current program context. This approach balances accuracy and efficiency, given the tight timeline before the milestone decision.
What do performance measures let one know about a product?
Performance measures are a technique of estimating how something will work out or perform. They are used in array of instances to gauge a situation before doing it.
What are the Factors in choosing the choice of appropriate statistical technique?
What are the factors that determine the choice of appropriate statistical technique What are the factors that determine the choice of appropriate statistical technique What are the factors that determine the choice of appropriate statistical technique
Which sampling technique is appropriate for voting behaviour of people?
stratified sampling technique
What is the most effective self-defense technique to use in a dangerous situation, such as a karate chop to the neck?
The most effective self-defense technique in a dangerous situation is to use a combination of techniques, such as striking vulnerable areas like the eyes, throat, or groin, and using physical force to create distance and escape. While a karate chop to the neck can be effective, it may not always incapacitate an attacker. It is important to assess the situation and use the appropriate technique to defend yourself.
What cost estimating technique would the Navy most likely use in preparing their programming and budgeting documents?
Parametric
An estimation technique where the font digits of the addends are added and then the sum is adjusted for a closer estimate?
an estimating technique in which the front digits of the addends are added and then the sum is adjusted for a closer estimate
What is an example of a cost estimating technique that would be used when producing a summary cost estimate?
One example of a cost estimating technique used for producing a summary cost estimate is the "analogous estimating" method. This technique involves using historical data from similar projects to estimate costs for the current project, allowing for quick and relatively accurate cost assessments. It is particularly useful in the early stages of project planning when detailed information may be limited. By leveraging past experiences, project managers can make informed decisions about budget allocations.
