Which statement is true about Bottom-up estimating?
A. Estimating the cost of individual work items and then rolling up the costs to arrive at a project total.
B. Uses the actual cost of a previous similar project as the basis for estimating the cost of the current project.
C. Using project characteristics (or parameters) in a mathematical model to predict costs.
D. Cost of quality can also be used to prepare the schedule activity cost estimate.
Answer:A
Which statement is true about Bottom-up estimating?
A. Estimating the cost of individual work items and then rolling up the costs to arrive at a project total. B. Uses the actual cost of a previous similar project as the basis for estimating the cost of the current project. C. Using project characteristics (or parameters) in a mathematical model to predict costs. D. Cost of quality can also be used to prepare the schedule activity cost estimate.