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A past project took 20,000 hours to complete. Your new project is adding some additional scope and that
scope is estimated to take 10,000 additional hours. There is some work that was completed in the previous
project that will not be completed in this project. That work is estimated at 5,000 hours. Labor rates have
increased 10%, the old rate was $25 per hour. Your estimate for the new project is $687,500. Which
estimating method is used?
A. Parametric estimating
B. Analogous estimating
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C. Bottom-up estimating
D. Three-point estimating
