PMI Exam Questions

Which of the following estimates MOST accurately reflects the actual cost of the project?

Which of the following estimates MOST accurately reflects the actual cost of the project?

A.
Top-down

B.
Bottom-up

C.
Budget

D.
Appropriations

Explanation:
Bottom-up estimating : Estimating the cost of individual work items and then rolling up the costs to arrive at a project total – more accurate