Question: 3. In 400 words (+/- 10%), explain the difference between Top- down and Bottom-up project estimations? Which should be used for project management and why

3. In 400 words (+/- 10%), explain the difference between Top- down and Bottom-up project estimations? Which should be used for project management and why

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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 General Management Questions!

3. In 400 words (+/- 10%), explain the difference between Top-down and Bottom-up project estimations? Which should be used for project management and why? [30 marks]

1. Compare and contrast Project and Portfolio Management. 2. What are some of the benefits of Project Management? 3. Explain the connection between Project Management and the Project Management...

PROJECT MANAGEMENT Use PMBOK 6th Edition NOTE: All question needs to be answered based on PMBOOK (Page No. should be mentioned against each section for clearing concepts. 1. Why is it important for a...

Activity 2 Create five WR performance standards or targets that might be used by an organisation. These performance standards must be different from those already provided in the text. Activity 3 1...

Annotated Bibliography Assignment Overview Overview The purpose of this assignment is to move you through the research process and get you one step closer to delivering a research-supported oral...

I HUMAN WORDS Principles of Project Management-W2024 Case 1 C: It's payday! BACKGROUND Viscom Consulting, a small consulting firm in Toronto, was created 2 years ago due to the the partnership of a...

Haluk Demirkan Project Scheduling Assignment - MS Project The following questions below are to be answered using Microsoft Project (or any other project management software package). In order to turn...

Keshk, Walied; Lu, HungYuan Richard; Mande, Vivek (2020). How have US banks adopted the Financial Accounting Standards Board's Level 3 fair value disclosure rules? Accounting & Finance 60, April...

REVIEW QUESTIONS 1. Name four key issues to be considered while planning for a data warehouse, 2. Explain the difference between the top-down and bottom-up approaches for builditing data warehouses....

1. Define and delineate problems from symptoms. Provide examples of each. 2. Assign teams for a research project. Ask students to research the Toyota Prius and analyze its target markets, sales, and...

Let's make the following change to the model of workplace responsibilities discussed in Section 21.3: Assume that more able workers find tasks more tiring (perhaps because they have less tolerance...

Claudio just purchased a used camper trailer that he will pull behind his van, which is insured under a personal auto policy ( PAP ) . Because he is not accustomed to towing a trailer, he is...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...