The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current project is known as
A)Detailed WBS work package estimates.
B)Template method.
C)Function point method.
D)Time-phased cost estimates.
E)Phase estimating.

Question

Quizplus · Accepted Answer

If the project is similar to past projects, the costs from past projects can be used as a starting point for the new project.Differences in the new project can be noted and past times and costs adjusted to reflect these differences.

The Bottom-Up Approach for Estimating Times and Costs That Uses