Published estimating data to asist process
You are managing a project that will use a virtual team with team members on three different continents. Your company is looking to use the virtual team to provide a lower cost product by using resources in countries that have a favorable exchange rate to that of your country. To assist in this process as you estimate resource requirements, it is helpful to consider—
a. Bottom-up estimating
b. Published estimating data
c. Analogous estimating
d. Reserve analysis
Answer: b. Published estimating data
Published estimating data
In estimating activity resources, published estimating data is a tool and technique that is used as many companies routinely publish updated production rates and unit costs of resources. This includes labor trades, material, and equipment for different countries and geographic locations in these countries. [Planning]