The Bottom-Up Method of Estimating Where Work Package Time and Costs

question 34

Multiple Choice

The bottom-up method of estimating where work package time and costs for past projects are used as a starting point for a new project and adjustments are made based on differences in the new project is known as the ___________.

• A) range estimating
• B) parametric procedure
• C) template method
• D) phase estimating method
• E) WBS method

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Definitions:

Revolution Generation

A concept or term sometimes used to describe a cohort of individuals who are perceived as being involved in making significant societal changes or technological advances.

Baby Bust

A period marked by a significant decrease in birth rates.

Generation X

Generation X refers to the demographic cohort born approximately between the early 1960s and late 1970s, known for its adaptability, skepticism towards institutions, and bridging the gap between traditional and digital technologies.

Baby Boomers

A demographic group born approximately between 1946 and 1964, known for being a large generation with significant economic and cultural impact.