A project manager is assigned to a regulatory project for their country.

When faced with a tight deadline and the need to comply with new laws, the project manager should first review organizational process assets (OPAs) and perform analogous estimating. This is because OPAs can provide valuable historical information on how similar projects were executed, which can inform the current project’s planning and execution. Analogous estimating, in particular, uses data from previous, similar projects to estimate project duration and cost. Given that a similar project was completed recently, this information can be used to make more accurate predictions for the current project. This approach is recommended by the PMBOK® Guide as a valid method of estimation when there is limited information available and time is of the essence123.