William, a Project Manager, Needs to Prepare the Budget for a New

question 9

Multiple Choice

William, a project manager, needs to prepare the budget for a new software development project. To do so, he takes inputs from other managers who have worked on similar projects in the past. After estimating the overall project cost, he gives the estimates to his team members so that they can split up the cost of each individual task involved in producing the required deliverable. In this scenario, William is using _____.

• A) top-down budgeting
• B) bottom-up budgeting
• C) agile project budgeting
• D) dynamic matrix budgeting
• E) lateral budgeting

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Definitions:

Maternal Grandmother

The mother of a person's mother, often playing a unique role in the family dynamics and heritage.

Extended Family

A family of relatives in addition to the parents, usually three or more generations living in one household.

Structure

The arrangement or organization of components that together form an entity, system, or composition.

Electronic Means

Methods or devices that operate on digital or electronic principles, often used for communication, processing, and storage of information.