The bottom-up method of estimating where work package time and costs for past projects are used as a starting point for a new project and adjustments are made based on differences in the new project is known as the ___________.
A) range estimating
B) parametric procedure
C) template method
D) phase estimating method
E) WBS method

Question

Quizplus · Accepted Answer

The template method involves using detailed past project information as a base for estimating time and costs for new projects, with adjustments made for differences in the new project. This bottom-up approach leverages historical data to inform new estimates.

The Bottom-Up Method of Estimating Where Work Package Time and Costs