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Business Analytics & Technology Management Chapter 5
?
The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current project is known as:
Detailed WBS work package estimates
Template method
Function point method
Time-phased cost estimates
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (B)
Template method
Related MCQs
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The process of forecasting or approximating the time and cost of completing project deliverables is called
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In practice, estimating processes are frequently classified as
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A typical statement in actual practice is that estimates should have a probability of being met ______ of the time.
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A good starting point for developing time and cost estimates is
?
Which of the following is not one of the factors that need to be considered to improve quality of estimates for project times and costs?
?
Ed is looking over the actual results of projects and comparing them to what was estimated. He notices that projects that took six months or longer to...
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Janet is forecasting how much money her department needs to support a new project. She estimates that two people and $25,000 in expenses will cover he...
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Which of the following is a good condition for top-down estimating?
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Which of the following is a good condition for bottom-up estimating?
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Top-down estimates are most likely to occur during the ______ phase.
