Question

A bottom-up estimating approach is all of the following, EXCEPT

a) Comes from the people actually doing the work
b) Low-cost, efficient methods for completing activities
c) Made up of low-level cost estimates
d) Based on detailed project components

Answer 1

A bottom-up estimating approach is a method used in project management to estimate costs based on detailed project components.

Step-by-step explanation:

A bottom-up estimating approach is a method used in project management to estimate costs based on detailed project components. It involves gathering cost estimates from the people actually doing the work and breaking down the project into low-level cost estimates. This approach is not necessarily low-cost or efficient; its main focus is on creating accurate estimates based on the specifics of the project.