Logo
Home Study Material Contact Search
AI Chat FREE
  1. engineering
  2. civil engineering
  3. compare and contrast the use of the following thre

Compare and contrast the use of the following three methods of conceptual estimation by researching them: a....

70.2K

Verified Solution

Question

Civil Engineering

Compare and contrast the use of the following three methods ofconceptual estimation by researching them:

a. Analogy (top-down) estimating

b. Parametric estimating

c. Heuristic (rule-of-thumb) estimating

Answer & Explanation Solved by verified expert
4.1 Ratings (782 Votes)
Analogous estimating This type of estimating involves comparisons to other similar projects or project components Most organizations perform projects that are similar to other projects within the organization or know the costs of projects performed by other organizations The actual costs can be scaled on the basis of known differences to arrive at the estimate for the    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Normal (or Gaussian) distributions are widely used in practice because many sets of observations follow a...

Statistics
Q

a) A poor population of human beings in Egypt lives of a low-calorie vegetarian diet, yet...

Biology
Q

Flynn Industries has three activity cost pools and two products. It expects to produce 2,560 units...

Accounting
Q

Solve the system of equations graphically If the syste

Basic Math
Q

1 4orr Solve each inequality and graph its solution 11 0 6 0 2n 0...

Algebra
Q

Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in...

Accounting
Q

Fees earned but unbilled on April 30 were $9,950.

Accounting
Q

Question 3 (5 points) What safety stock should Handfield Manufacturing Co maintain if mean sales...

Accounting
Q

Answer 2-3 please Ski West, Incorporated, operates a downhill ski area...

Accounting
Q

Sweeten Company had no jobs in progress at the beginning of March and no beginning...

Accounting
Q

Aleutian Company produces two products: Rings and Dings. They are manufactured in two departments: Fabrication...

Accounting
Q

Cundo se asignaran al trabajo los costos de mano de obra directos asociados con la...

Accounting