Your project sponsor has requested a cost estimate for the project on which you’re working. This project is similar in scope to a project you worked on last year. She would like to get the cost estimates as soon as possible. Accuracy is not her primary concern right now. She needs a ballpark figure by tomorrow. You decide to use ___________________.

A.
parametric modeling techniques

B.
analogous estimating techniques

C.
bottom-up estimating techniques

D.
computerized modeling techniques

Explanation:
Analogous-or top-down-estimating techniques are a form of expert judgment. Since this project is similar to another recent project, you can use the cost estimates from the previous project to help you quickly determine estimates for the current project.