You are the project manger for Xylophone Phonics. They produce children's software programs that teach basic reading and math skills. You're performing cost estimates for your project and don't have a lot of details yet. You will use which of the following techniques?
A. Analogous estimating techniques, because this is a form of expert judgment that uses historical information from similar projects
B. Bottom-up estimating techniques because this is a form of expert judgment that uses historical information from similar projects
C. Monte Carlo Analysis, because this is a modeling technique that uses simulation to determine estimates
D. Parametric modeling, because this is a form of simulation used to determine estimates
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Your project sponsor has requested a cost estimate for the project. She would like the cost estimate to be as accurate as possible as this might be her one and only chance to secure the budget for this project due to recent cuts in special projects. You decide: A. To use analogous estimating techniques B. To use bottom-up estimating techniques C. To use top-down estimating techniques D. To use expert judgment techniques
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