Sean, a project manager, has to prepare the budget for a new project. He estimates the overall project cost by estimating the costs of the major tasks. He then gives these estimates to Raphael, an engineer who works under Sean, to split up the costs for each of the activities involved in accomplishing the major tasks. In this scenario, Sean is using _____.
A) top-down budgeting
B) bottom-up budgeting
C) agile project budgeting
D) dynamic matrix budgeting
E) lateral budgeting

Question

Quizplus · Accepted Answer

Sean is using top-down budgeting because he starts with a broad estimation of the project cost and then breaks it down into smaller parts.

Sean, a Project Manager, Has to Prepare the Budget for a New