Your browser does not support JavaScript!

P › Parametric Estimating

COV ITRM Glossary

Parametric Estimating


An estimating technique that uses a statistical relationship between historical data and other variables (e.g., square footage in construction, lines of code in software development) to calculate an estimate for activity parameters, such as scope, cost, budget, and duration. This technique can produce higher levels of accuracy depending upon the sophistication and the underlying data built into the model.



O < | > Q