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Question:

You are the project manager for a pharmaceutical company. The current project includes a new drug that will be introduced in six months. The project for the release is going well and closely mirrors the release of a drug that took place last year. With accurate historical information and quantifiable parameters in hand, select the best type of cost estimating technique to use during the Determine Budget process?

A Parametric estimating
explanation

The key pieces of information within the question reveal that you have accurate historical information and quantifiable parameters. Both are needed to utilize the parametric estimating technique.