Lesson Note 5.5: Methods for Estimating Project Times and Costs, 5 pts. This section in the textbook introduces a number of techniques. Do not focus on the details of each technique. Learn the terms and focus on understanding that a number of techniques fit the top-down category of estimating.
A productionâpossibility frontier (PPF) or production possibility curve (PPC) is the possible tradeoff of producing combinations of goods with constant technology and resources per unit time.
Purchasing power parity (PPP) is a component of some economic theories and is a technique used to determine the relative value of different currencies.stimation of purchasing power parity is complicated by the fact that countries do not simply differ in a uniform price level; rather, the difference in food prices may be greater than the difference in housing prices, while also less than the difference in entertainment prices.