Overall cost estimates must be allocated to individual activities to establish the cost performance baseline. In an ideal situation, a project manager would prefer to prepare estimates__________

Overall cost estimates must be allocated to individual activities to establish the cost performance baseline. In an ideal situation, a project manager would prefer to prepare estimates__________Often project cost estimates are prepared after budgetary approval is provided. However, activity cost estimates should be prepared before the budget is complete.

Question:

Overall cost estimates must be allocated to individual activities to establish the cost performance baseline. In an ideal situation, a project manager would prefer to prepare estimates__________

Options:

Before the budget is complete

After the budget is approved by management

Using a parametric estimating technique and model specific for that project type

Using a bottom-up estimating technique

Correct Answer

The Correct Answer for this Question is

Before the budget is complete

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