Compare and contrast the effort level and accuracy levels achieved from bottom-up estimating and analogous estimating

Project Estimation and Information Tracking Considerations

Compare and contrast the effort level and accuracy levels achieved from bottom-up estimating and analogous estimating. Select the estimating method you would use for producing project estimates within a low-risk environment and explain why. Describe the assumptions that you would need to consider for producing these estimates.

Suggest various methods to control technology projects. As a project manager, choose the method(s) you would consider using for an IT project. Provide a rationale with your response.

150 words

1 reference each

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In analogous estimate, the estimates are based on previous project. Bottom-up estimate gathers the schedule and cost from the resources involved. Therefore, the results of bottom-up estimate are more accurate than analogous. Bottom-up estimate also requires more effort as it involves numerical compared to analogous estimate. For a low-risk environment, I would use the parametric method. The parametric method obtains definitive estimates and can also be used to confirm the bottom up estimates. The reason………………

APA

182 Words

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