The correct answer is C. Direct Labor Expense. This is not a technique for estimating project costs. The other two options, A. Three-Point Estimation and B. Analogous Estimation, are both recognized techniques for estimating project costs.

Three-Point Estimation is a technique that uses three estimates to define an approximate range for an activity’s cost: Most Likely (Cm), Optimistic (Co), and Pessimistic (Cp). The estimate is then calculated using the formula (Co + 4Cm + Cp) / 6.

Analogous Estimation, also known as Top-Down Estimation, involves estimating the cost of an activity based on the known cost of a similar activity.

Direct Labor Expense, on the other hand, is a type of cost associated with a project, but it is not a technique for estimating project costs.

Question

The correct answer is C. Direct Labor Expense. This is not a technique for estimating project costs. The other two options, A. Three-Point Estimation and B. Analogous Estimation, are both recognized techniques for estimating project costs.

Three-Point Estimation is a technique that uses three estimates to define an approximate range for an activity’s cost: Most Likely (Cm), Optimistic (Co), and Pessimistic (Cp). The estimate is then calculated using the formula (Co + 4Cm + Cp) / 6.

Analogous Estimation, also known as Top-Down Estimation, involves estimating the cost of an activity based on the known cost of a similar activity.

Direct Labor Expense, on the other hand, is a type of cost associated with a project, but it is not a technique for estimating project costs.

Knowee AI · Accepted Answer

The correct answer is C. Direct Labor Expense. This is not a technique for estimating project costs. The other two options, A. Three-Point Estimation and B. Analogous Estimation, are both recognized techniques for estimating project costs.

Three-Point Estimation is a technique that uses three estimates to define an approximate range for an activity’s cost: Most Likely (Cm), Optimistic (Co), and Pessimistic (Cp). The estimate is then calculated using the formula (Co + 4Cm + Cp) / 6.

Analogous Estimation, also known as Top-Down Estimation, involves estimating the cost of an activity based on the known cost of a similar activity.

Direct Labor Expense, on the other hand, is a type of cost associated with a project, but it is not a technique for estimating project costs.

These are part of the Techniques for Estimating Project Costs, except:*A. Three-Point EstimationB. Analogous EstimationC. Direct Labor Expense

Question

These are part of the Techniques for Estimating Project Costs, except:

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