Estimation Techniques
As a project manager, collecting accurate estimations is essential for planning and managing project resources effectively. There are various techniques that can be used to gather estimations, including top-down and…
Methods for Top-Down and Bottom-Up Estimating
Top-down and bottom-up estimating are two contrasting approaches used in project management for estimating time, cost, and resources. Here's an overview of each method, their uses, advantages, and disadvantages: Top-Down…
Top-Down vs. Bottom-up Estimation
Project managers often use a combination of both top-down and bottom-up estimation approaches. Top-down estimates can be used for initial planning and feasibility assessments, while bottom-up estimates are used for detailed project planning, resource allocation, and creating a more accurate project budget. This hybrid approach allows for flexibility and ensures that project estimates are both realistic and aligned with the project's objectives.