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?
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.