Question: What are the differences between the bottom-up and top-down estimating approaches? Under what conditions would you use one over the other?

What are the differences between the bottom-up and top-down estimating approaches? Under what conditions would you use one over the other?

Step by Step Solution

★★★★★

3.35 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Bottomup and topdown estimating are two distinct approaches used in project management to estimate project costs durations or resource requirements Ea... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Project Management Questions!

Q:

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...

Q:

Consider the following context-free grammar of expressions E ::= n | (E, E) where n ranges over integers. (a) Present a right-most derivation of the expression ((21, 18), 17). [2 marks] (b) List the...

Q:

Barny Kpf had just returned from Spoga, the international trade fair for outdoor equipment and furniture held in Germany. Despite the global economic crisis, the results achieved at the fair had been...

Q:

Since estimating efforts cost money, the time and detail devoted to estimating are important decisions. Yet when estimating is considered, you as a project manager may hear statements such as these:...

Q:

What are the differences between bottom-up and top-down estimating approaches? Under what conditions would you prefer bottom-up? Under what conditions would you prefer to use top-down? Use examples...

Q:

What are the differences between bottom-up and top-down estimating approaches? Under what conditions would you prefer bottom-up? Under what conditions would you prefer to use top-down? Use examples...

Q:

What are the differences between bottom-up and top-down estimating approaches? Under what conditions would you prefer bottom-up? Under what conditions would you prefer to use top-down? Use examples...

Q:

What are the differences between bottom-up and top-down estimating approaches? Under what conditions would you prefer bottom-up? Under what conditions would you prefer to use top-down? Use examples...

Q:

What are the differences between bottom-up and top-down estimating approaches? Under what conditions would you prefer bottom-up? Under what conditions would you prefer to use top-down? Use examples...

Q:

What are the differences between bottom-up and top-down estimating approaches? Under what conditions would you prefer bottom-up? Under what conditions would you prefer to use top-down?

Q:

Briefly describe about the Citi Bank backup tapes lost. Answer these Questions: What part of the contingency planning process came up short (IR, BP, or CP)? How could the shortcoming have been...

Q:

What is cloud computing? What are the pros and cons of cloud computing?

Q:

Blitz Corporation had total sales of $ 2 , 8 1 0 , 0 0 0 last year and has 1 0 1 , 0 0 0 shares of stock outstanding. The benchmark PS is 1 . 5 times. What stock price would you consider appropriate?...

Q:

How can employers manage confl ict?

Q:

If your project management software calculates earned value, or any other standard item to be reported, differently than the Project Management Institute suggests, should you deal with this matter in...

Q:

Logically, when using earned value data in the critical ratio formula, should the budgeted cost be the planned value or the earned value? What problems occur with each choice? LO3

Q:

A project in its 26th week has an actual cost of $270,000. It was scheduled to have spent $261,000. LO3 For the work performed to date, the budgeted value is $272,000. What are the cost and schedule...

Q:

Required information Use the following information for the Exercises 12-13 below. (Algo) [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows an...

Q:

CAN SOMEONE SHOW ME HOW TO SOLVE THIS PROBLEM ON EXCEL? STEP BY STEP LITERALLY !! AND THE CELLS YOU USED + FORMULAS AND HOW YOU ARRIVED AT THE ANSWER? THANKS :) Consider a project with free cash flow...

Q:

Identify as operating, investing, or financing. paid dividends to shareholders purchased business equipment sold plant assets for a gain paid advertising expense sold merchandise to customers...