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Cost Estimation Quiz

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1. Which cost estimation method uses historical data to predict future costs?

2. What is the disadvantage of engineering cost estimations?

3. What does 'Variable Cost' refer to in cost estimation?

4. Which technique uses statistical methods to determine cost estimation?

5. What does 'Fixed Cost' refer to in cost estimation?

6. In the context of cost estimation, what does 'Overhead Cost' primarily include?

7. What's the primary advantage of the Bottom-up Estimating technique in cost estimation?

8. In cost estimation, what does the Learning Curve theory suggest?

9. What does the Cost Performance Index (CPI) in cost estimation measure?

10. Which method in cost estimation estimates the cost of individual work items and then rolls them up to create an overall cost estimate?