Question

What are top down estimates and bottom up estimates?

1) Top down estimates are performed by someone in management and use estimates from comparing things to other things or opinions of different groups.
2) Top down estimates are performed by the ones doing the work and involve breaking down the work structures and establishing lower costs and more efficient methods.
3) Bottom up estimates are performed by someone in management and involve breaking down the work structures and establishing lower costs and more efficient methods.
4) Bottom up estimates are performed by the ones doing the work and use estimates from comparing things to other things or opinions of different groups.

Answer 1

Top down estimates and bottom up estimates are two different approaches to estimating quantities in business. Top down estimates are performed by management and involve comparisons and opinions, while bottom up estimates are performed by workers and involve breaking down work structures and finding efficiencies.

Step-by-step explanation:

Top down estimates and bottom up estimates are two different approaches to estimating quantities. Top down estimates and bottom up estimates are two different approaches to estimating quantities in business. Top down estimates are performed by management and involve comparisons and opinions, while bottom up estimates are performed by workers and involve breaking down work structures and finding efficiencies.

Top down estimates are performed by someone in management and involve comparing things to other things or soliciting opinions from different groups. On the other hand, bottom up estimates are performed by the ones doing the work and involve breaking down the work structures, establishing lower costs, and finding more efficient methods. Both approaches serve their own purposes and can be useful in different decision-making processes.