Dear Alice
Parametric Estimating is one of the most accurate techniques for determining a project’s duration and cost. It is fairly easy to implement. Let’s say you need to estimate the cost of building a high-rise office building. You might consult an estimating publication and find that the cost of building a six-story, pre-stressed concrete building with a luxurious finish for the offices, plus many other specifications, would be $175 per square foot. You would select the appropriate rate and multiply it by the number of square feet of your building. That would give you the estimated cost.
There is a good resource regarding Parametric Estimating Examples here you can check https://www.projectcubicle.com/parametric-...amples-for-pmp/ Saving Changes...
