21, 22 | QUESTIONS AND ANSWERS | 2025/2026
UPDATE | 100% CORRECT!!
Which estimating method experiences more problems with padding?
a. Ratio and apportion
b. Top-down
c. Bottom-up
The risk of gross overestimation occurs when padding is over-applied in the
bottom-up estimation method. Answer - c. bottom-up
What is true about bottom-up estimating?
a. Bottom-up estimates are done early in a project's life cycle when the
organization is determining how the project will meet a business need.
b. A bottom-up estimate must be created before the WBS is available.
, c. Creating a bottom-up estimate requires people with expertise to do the work
estimate of the labor, supplies, materials, equipment, and any other resources
needed to complete each individual work activity.
d. Bottom-up estimates are early approximations of cost. Answer - c. Creating
a bottom-up estimate requires people with expertise to do the work estimate
of the labor, supplies, materials, equipment, and any other resources needed
to complete each individual work activity.
Bottom-up estimating requires expertise in estimating a variety of costs.
Initial estimates of cost are most often developed using _____________
estimation methods.
a. top-down
b. bottom-up Answer - a. top-down
Initial estimates of cost are most often developed using top-down estimation
methods.
True or False:
Two examples of parametric estimating are the ratio and apportion methods.
Top-down methods, such as the ratio and apportion estimates, are based on
the relationship between the current project and historical data and are often
referred to as parametric estimating. Answer - True: Top-down methods, such
as the ratio and apportion estimates, are based on the relationship between
the current project and historical data and are often referred to as parametric
estimating.