Part of your project includes building one hundred widgets. You know that it will take longer and be more costly to do the first widget as opposed to the one-hundredth widget because of improved efficiency. This is known as:
A. Historical information
B. Bottom up estimating
C. Learning curve
D. PERT estimating
Answer: C. Learning curve
A learning curve will lead to improved efficiency since your team will be more experienced as they build the widgets. This is a form a parametric estimating.
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