Which statement 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

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 Statement Is True of Bottom-Up Estimates