Which of the following is true of bottom-up estimates?
A)They are based on the actual cost of a previous, similar project.
B)They are also known as parametric estimating.
C)They are most accurate when they involve large, extensive work items.
D)They are time-intensive and expensive to develop.

Question

Which of the following is true of bottom-up estimates?
A)They are based on the actual cost of a previous, similar project. 
B)They are also known as parametric estimating. 
C)They are most accurate when they involve large, extensive work items. 
D)They are time-intensive and expensive to develop.

Quizplus · Accepted Answer

Bottom-up estimates involve estimating the costs of individual work items or activities and summing them to get a project total. The drawback with bottom-up estimates is that they are usually time-intensive and therefore expensive to develop.

Which of the Following Is True of Bottom-Up Estimates