Using BottomUp Estimating

Bottom-up estimating starts from zero, accounts for each component of the WBS, and arrives at a sum for the project. It is completed with the project team, and can be one of the most time-consuming methods used to predict project costs. While this method is more expensive, because of the time invested to create the estimate, it is also one of the most accurate. A fringe benefit of completing a bottom-up estimate is that the project team may buy into the project work since they see the cost and value of each cost within the project.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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