Question: Why is top - down cost estimating considered the least accurate approach? Select an answer: It relies on subjectivity from upper management. It does not

Why is top-down cost estimating considered the least accurate approach?
Select an answer:
It relies on subjectivity from upper management.
It does not account for risks in a project..
It relies on assumptions rather than data.
It does not utilize a budget in creating the estimate.

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!

Q:

I need with these problems/exercises listed below (chapters attached). You must use the chapters to fill out the guidance report which is attached. Using the data for March/April Column. Chapter...

Q:

Scandinavian Journal of Information Systems Volume 23 Issue 2 IT Project Management: Studying agility, globalization, organizational mindfulness and outsourced projects Article 4 12-31-2011...

Q:

SEE "DOCUMENT 1" FOR CRITERIA 2 "DOCUMENT 2" FOR CRITERIA 4 You are to write a 3 to 4 page paper following APA rules for the title page, citations and appropriate references within the body of the...

Q:

Life-cycle costing is the total cost to the customer for acquisition and ownership of a system over its full life. Life-cycle costing categories include the cost of _____________________ Select one:...

Q:

Life-cycle costing is the total cost to the customer for acquisition and ownership of a system over its full life. Life-cycle costing categories include the cost of _____________________ Select one:...

Q:

Life-cycle costing is the total cost to the customer for acquisition and ownership of a system over its full life. Life-cycle costing categories include the cost of _____________________ Select one:...

Q:

Life-cycle costing is the total cost to the customer for acquisition and ownership of a system over its full life. Life-cycle costing categories include the cost of _____________________ Select one:...

Q:

So What Would An Ideal Performance Appraisal Look Like? Jack N. Kondrasuk University of Portland Organizations use many performance appraisal formats, but an ideal form still eludes us. This article...

Q:

12 Chapter A4148 23218 6/8/01 6:25 PM Page 361 12Initiating Objectives After reading this chapter, you will be able to: 1. Understand the importance of initiating projects that add value to an...

Q:

Need help with these multiple choice questions for internal audit final exam. Due in 2 hours. QUESTION 1 RsQ_004Without management direction and assumption of responsibility, it would be...

Q:

For each of the economic changes listed in (a) and (b), assess the likely impact on the growth rate and the level of output over the next five years (the initial impact) and over the next five...

Q:

Karsted Air Services is now in the final year of a project. The equipment originally cost $28 million, of which 100% has been depreciated. Karsted can sell the used equipment today for $7 million,...

Q:

A shareholder is personally liable to creditors for all but which of the following? Group of answer choices A . For an unpaid subscription balance when the corporation is insolvent. B . For illegal...

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...