Most projects will employ bottom-up estimating at some point to serve as a basis for estimating cash flow needs and for controlling the project.

Question

Quizplus · Accepted Answer

Bottom-up estimating involves breaking down the project into smaller tasks and estimating the time, cost, and resources needed for each task. This approach is useful for creating a detailed budget and schedule for the project and for identifying potential areas of risk or inefficiency. It is commonly used in project management to ensure that the project stays on track and within budget.

Most Projects Will Employ Bottom-Up Estimating at Some Point to Serve