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Project Management Course 1. WHAT DO WE ESTIMATE? 2. WHY ESTIMATING TIME AND COST ARE IMPORTANT. 3. FACTORS INFLUENCING THE QUALITY OF ESTIMATES. 4. ESTIMATING GUIDELINES 5. METHODS FOR ESTIMATION 6. COSTS VIEWSGhada Kw
Which of the following is a good condition for top down estimating?Answer and Explanation: The good condition for top-down estimating is when the project is small and internal.
Under which circumstance is a top down estimation approach not recommended?Top down estimates are not suitable in situations where well defined budgets and schedules are required.
Why is bottom up estimating generally considered more accurate than top down?The Bottom-up approach is typically more reliable and preferred for estimating because it assesses each work package from the bottom, working up to a deliverable and phase. It is practical to use when project schedules and budget from previous similar projects are available for reference.
What is the relationship between organizational culture and estimating quizlet?What is the relationship between organizational culture and estimating? Cultural norms affect the accuracy of estimates. A project leader is forecasting how much money his department needs to support a new project. He estimates that two people and $25,000 in expenses will cover his needs.
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