A cost estimation tool which involves estimating individual work items or activities and summing them to get a project total is known as a(n) _____ estimate.
A)budgetary
B)parametric
C)bottom-up
D)analogous

Question

A cost estimation tool which involves estimating individual work items or activities and summing them to get a project total is known as a(n) _____ estimate.
A)budgetary
B)parametric  
C)bottom-up
D)analogous

Quizplus · Accepted Answer

Bottom-up estimates involve estimating the costs of individual work items or activities and summing them to get a project total. This approach is sometimes referred to as activity-based costing.

A Cost Estimation Tool Which Involves Estimating Individual Work Items