Answered

Why is past experience the best starting point for creating quality time and cost estimates?
O While projects are unique, many elements are similar to past work.
It's not. All estimating should start with a clean sheet of paper.
◇ It's not. Outside factors during a project will make past experience useless in estimating.



Answer :

GinnyAnswer

Final answer:

Past experience is crucial for accurate time and cost estimates in projects, as it provides a foundation based on similarities with previous work and reliable historical data.


Explanation:

Past experience serves as the best starting point for creating quality time and cost estimates in projects. This is because while each project is unique, there are often elements that are similar to past work, making historical data a reliable method for estimation.

When using historical data, organizations can look at similar projects that have been undertaken in the past to gauge how long they took and use this information as a basis for estimation. However, it is crucial that the tasks are similar, the project context aligns, and lessons from past projects are documented for reuse.


Learn more about Time and cost estimation in projects here:

https://brainly.com/question/42955507


Other Questions