If Time and Costs Are Important to a Project the Top-Down

question 11

True/False

If time and costs are important to a project the top-down approach to estimating time and costs for the project is the best choice.

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Definitions:

Arbitrary Methods

Accounting practices based on judgment or preference rather than strict rules or calculations.

Subjective

Based on or influenced by personal feelings, tastes, or opinions, rather than external facts.

Allocate

The process of distributing resources or tasks among projects or departments based on necessity or a strategic plan.

Common Supplies

Tangible items used in daily operations that are considered current assets, such as office supplies.