What is a top-down 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. 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
- C. Prepare the budget by top management
- D. Prepare the budget by participatory approach
Answer: Option A