A project manager for a new highway interchange is developing a preliminary cost estimate. Detailed plans are not yet available, but a similar interchange was built in an adjacent county two years ago. The manager uses the final cost of the previous project, adjusted for inflation and a 15% increase in size, to estimate the new project's cost. Which estimating technique is being used?
-
A
Parametric Estimating
-
B
Analogous Estimating
-
C
Bottom-Up Estimating
-
D
Three-Point Estimating