Which of the following is a characteristic of the bottom-up method for estimating a project's cost?
A) Cost elements are estimated only at the lowest task level.
B) Cost elements are estimated using the last project after adjusting for inflation.
C) Cost elements are aggregated from subordinate tasks.
D) none of the above

Question

Quizplus · Accepted Answer

The bottom-up method involves estimating cost elements for each individual task or activity, and then aggregating them to arrive at a total project cost. Therefore, cost elements are aggregated from subordinate tasks in this method. Option A is incorrect because cost elements are estimated at the lowest level, which includes all tasks and activities. Option B is incorrect because the cost of the last project may not be relevant or applicable to the current project, and adjusting for inflation may not provide accurate estimates.

Which of the Following Is a Characteristic of the Bottom-Up