Estimating

Estimating Methods

The five estimating methods are:

  1. Algorithmic – Neural Networks or Parametric
  2. Experience – Expert Judgment or Knowledge Based
  3. Analogical – Case Based or Group Based
  4. Synthetic, (output) – Feature Costing or Function Costing
  5. Analytic, (input) – Generative/Analytical or Activity Based Costing

This is how they are logically related: