Advantages and disadvantages of estimation techniques


ESTIMATION TECHNIQUES:

Five duration estimation techniques. Describe the advantages and disadvantages for each of the five techniques. Include an example of when it is appropriate to use each technique.

These are the techniques

1. Stochastic Approach
2. Deterministic Approach
3. Modular Technique
4. Benchmark Job Technique
5. Parametric Technique

The book that I am using Project Management Process Methodologies, and economics 2nd edition.

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