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Question:
A project manager for a medicine company is managing its latest project, which involves a new drug to be released in six months. The project for the release is going well and almost identical to the release of a drug taking place in last year. Assuming that all accurate historical information and quantifiable parameters are available, what is the best type of cost estimating technique to use during the Determine Budget process?
A
Parametric estimating.
explanation
Because the question mentioned that the accurate historical information and quantifiable parameters were available, parametric estimating technique should be the best technique to be used in this case.
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