Question: Which cost estimation technique involves breaking down the project into smaller, more manageable components to estimate costs? A. Analogous Estimating B. Parametric Estimating C. Bottom-Up

Which cost estimation technique involves breaking down the project into smaller, more manageable components to estimate costs? A. Analogous Estimating B. Parametric Estimating C. Bottom-Up Estimating D. Three-Point Estimating

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 are now ready to apply costing methods, tools, and techniques to your project. There are many of these available to assist you in determining your overall budget, as well as to estimate the...

You are working on a project that will upgrade the phone system in your customer service center. You have used analogous estimating, parametric estimating, bottom-up estimating, and three-point...

What would pe a thoughtful responese to each of the below disscusions? The Top-down approach to project management starts with the end goal of the project and fills in the tasks and details once that...

please review, correct and explain . Define the requirements for the equipment been estimated, based on the physical and performance attributes, such as length, width, weight, horsepower and size....

This is based on medical records , means digitalization in medical records. ASSIGNMENT # 2 HEALTH SCIENCES NORTH (HSN) COST ESTIMATION May 23, 2022 OVERVIEW 1. Project Background and Description As...

A project manager is working with the project team to estimate durations for the identified project activities. The team is looking to achieve the most accurate estimate possible. What estimating...

If you are aggregating the individual activity cost estimates up to the work-package level, then the sub-deliverable level, and then the deliverable level to arrive at a total project cost estimate,...

5) Determine the order in which you would crash the project by one day, two days, and so on until it is in an all-crash mode. Identify how much it would cost for each day you crash the schedule. Many...

Your project sponsor has requested a cost estimate for the project on which youre working. This project is similar in scope to a project you worked on last year. She would like to get the cost...

Aubrey buys only apples and peaches. In June, apples sell for $2 each and peaches sell for $1 each. In July, apples sell for $1 each and peaches sell for $2 each. Aubrey's income is $20 in June and...

Harley owns a craft store. On a recent buying trip to Miranda, she located a vendor who manufactures bat houses that have been carved from a single piece of wood. The woman who makes these bat houses...

Thomas Richey operates a small shop that sells fishing equipment. His postclosing trial balance on December 3 1 , 2 0 X 1 , Is shown below. Richey plans to enter Into a partnershlp with Kathryn...

Evaluate S 3 sinx dx using the fundamental theorem of calculus.