What is a bottom-up in estimate project cost?
- A. A project cost is estimated first, which is in relation to the work scope. After that the cost for each work package is allocated as a proportion of total project cost.
- B. Prepare the budget by top management
- C. Prepare the budget by participatory approach
- D. The total project cost is based on costs for the detailed activities, then be summed for each work package and at the end the total budgeted cost (TBC is to allocate the budget for the various elements such as labor, materials, etc).
Answer: Option D