Question: Smith and his project team are currently breaking down all the project deliverables into the smallest useful units so that they can then estimate costs

Smith and his project team are currently breaking down all the project deliverables into the smallest useful units so that they can then estimate costs for each of these units and then aggregate these estimates into a total project cost estimate. What is the name of the technique that Sumith and his team are using to estimate costs? Parametric estimating Bottom-up estimating Low-level estimating Project management software

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!

You and your team are currently breaking down all the project deliverables into the smallest useful unit so that you can then estimate costs for each of these units and then aggregate these estimates...

You and your team are currently breaking down the project deliverables into the smallest useful units so you can estimate costs for each of these units then aggregate these cost estimates into a...

Due Week 4: Work Breakdown Structure According to the PMBOK Guide, "the WBS is a deliverableoriented hierarchical decomposition of the work to be executed by the project team, to accomplish the...

Can someone please help me with the following: Before completing this assignment, be sure you have completed the material for Modules One and Two in uCertify, as this will help you recognize the...

CIS 620/B Project Plan For the Global Collaboration Enterprise Information System 1200 12th Avenue, Suite 1200 Seattle, Washington 98114 U.S.A. November 11, 2015 Draft Version 19.0 November 11, 2015...

Only at 7-Eleven - PMO Case Study By Tom Sheives, Unstuck Company, and Steve Barton, 7-Eleven, Inc. Abstract In 2004, 7-Eleven, Inc. created a Project Management Office (PMO) that continues today...

1) A project manger has identified the various activities to be done on his project and has marked these activities in the following chart. Identify the path with zero float from the details...

Developing a training program This project involves the design and development of a program to train authorised officers, or ticket inspectors on a metropolitan public transport system. The aim of...

Everything I have is provided. The swimlanes can be done through excel or powerpoint. Faculty and Staff Self Service System Case Background Omega University is a large public multicampus institution...

According to the data provided below what would 3 contingencies be for risks involved? Below is my previous work for reference: Business Case Analysis of Behavioral Analysis Services Manpower...

1) Review situation (3) from the case. Apply the expense recognition criteria to the situation (3) and determine if the accounting is correct or not. Use the definitions of the elements of financial...

J. Marten Company accumulates the following adjustment data at December 31. 1. Services provided but not recorded total $1,000. 2. Supplies of $300 have been used. 3. Utility expenses of $225 are...

provide a brief summary describing the purpose of Revenue Offsets

. Ray Ray made the following contributions this year. Charity Property Cost FMV Athens Academy School cash $ 5,000 $5,000 United Way cash 4,000 4,000 American Heart Association Antique painting...

27. The starting point in calculating net operating income is the total annual income the property would produce assuming 100 percent occupancy and no collection losses. This is commonly referred to...

Duke Company's records show the following account balances at December 31, 2021: Sales revenue Cost of goods sold General and administrative expense Selling expense Interest expense $17,200,000...

In the following, S0 is the stock price in dollars as of today, K is the strike price in dollars, r is the continuously-compounded risk-free interest (as a decimal), q is the continuous dividend...

2) This question relates to PWMs. You DO NOT NEED to provide a C Code for this question. a) What is the difference between Fast PWM and Phase Correct PWM? Explain using waveforms for various...

Question 7 . Given the following simple maze, convert the maze into a graph. ( 5 points ) Question 8 . Implement depth first search in the maze function in homework 1 . py . ( 2 0 points ) Question 9...

10. Try to remember the last communication you entered into. How many times did you fill in information that the other person did not convey? How many times did you speak before the other person...

6. Think of a situation where you noticed that the other person or people did not like or understand your behaviour. Examine your own intentions behind the behaviour.

2. In this chapter, the reader should reflect on the following concepts: historical reason, goal orientation, core values and top performance.