Which of the Following Is Not One of the Bottom-Up

question 18

Multiple Choice

Which of the following is not one of the bottom-up approaches to estimating project time and cost?

• A)Parametric procedures applied to specific tasks
• B)Estimates for the WBS work packages
• C)Learning curve
• D)Template method
• E)All of these are bottom-up approaches

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Definitions:

Buying Process

The series of steps a consumer goes through, from recognizing a need or desire to the final purchase decision, including information search, evaluation of options, and post-purchase evaluation.

Modified Rebuy

A buying situation where an organization makes changes to its previous purchase orders, involving modifications in product specifications, prices, or suppliers.

New Buy

A purchasing situation in which a buyer purchases a product or service for the first time, presenting a significant decision-making process.

Buying Center

A group of individuals within an organization who are responsible for making decisions about significant purchases, evaluating options based on the company's needs.