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Difference between Analogous and Parametric Estimating

RP's picture

Hi - Can anyone offer me a distinct difference between Analogous and Parametric Estimating? I am using Rita's PMP Exam Prep 6th Ed but this does not seem to give me a clear difference/definition between them both.


Both use historical data as input to assume activity/project times. The only real difference I can pick up is that Parametric may be more detailed.


Thanks in advance.

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