PROJECT MANAGEMENT(LL)W/CONNECT
7th Edition
ISBN: 9781260421415
Author: Larson
Publisher: MCG
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Question
Chapter 5, Problem 3RQ
Summary Introduction
To determine:
The difference between bottom-up and top-down estimating approach and the situation where bottom-up is preferred over top-down and vice-versa.
Introduction:
Top down approach makes a rough estimate of the project cost and time duration and then breaks into more details to get the activity time and cost.
Bottom up approach first makes concrete estimate of the activities’ time and cost and them consolidates them to make budget and cost estimates for the project.
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Chapter 5 Solutions
PROJECT MANAGEMENT(LL)W/CONNECT
Ch. 5.1A - How many labor hours should the eighth satellite...Ch. 5.1A - How many labor hours for the whole project of...Ch. 5.1A - What price would you ask for the project? Why?Ch. 5.1A - Midway through the project your design and...Ch. 5.1A - Near the end of the project, Deutsch Telefon AG...Ch. 5 - Why are accurate estimates critical to effective...Ch. 5 - Prob. 2RQCh. 5 - Prob. 3RQCh. 5 - What are the major types of costs? Which costs are...Ch. 5 - Why is it difficult to estimate mega project...
Ch. 5 - Define what a white elephant is in project...Ch. 5 - Calculate the direct cost of labor tor a project...Ch. 5 - Mrs. Tolstoy and her husband, Serge, are planning...Ch. 5 - Exercise Figure 5.1 is a project WBS with cost...Ch. 5 - Firewall Project XT. Using the complexity...Ch. 5 - At this point, what would you do if you were the...Ch. 5 - Prob. 5.1.2CCh. 5 - What estimating techniques should be used for a...Ch. 5 - Assume you are either Mike or Josh; how would you...Ch. 5 - Prob. 5.2.2CCh. 5 - After cost, what other factors should be...
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