Bottom Up Estimating Notes: Definitions & Explanations PDF | Download eBooks
Study Bottom Up Estimating lecture notes PDF with project management definitions and explanation to study “What is Bottom-Up Estimating?”. Study bottom up estimating explanation with project management terms to review project management course for online MBA programs.
Bottom Up Estimating Definition:
Bottom-up estimating is a method of estimating project duration or cost by aggregating the estimates of the lower-level components of the WBS.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Bottom Up Estimating Notes:
A number of techniques can be used to estimate costs and activities durations after the project activities are defined. These estimates are used to develop schedule and budget of the project. One of the techniques is called bottom-up estimating. As the name indicates, bottom-up estimating uses the lowest level activities in the work breakdown structure to estimate cost or duration. When an estimate for a particular activity cannot be made, the activity is further decomposed and the estimates for the detailed tasks are made. These estimates are then combined together to get the estimate of the activity.
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