Which of the following is an example of a direct cost?
ALL of the following can be considered part of a project’s budget cost EXCEPT:
The project budget is built on the planning foundation created by ALL of the following EXCEPT:
work breakdown structure.
resource and effort estimates.
What is one of the advantages of the top-down budgeting estimation?
Budget costs can be estimated with unfair accuracy
Budget costs estimation is based solely on the project manager’s experience
Budget costs can be estimated without WBS analysis
Budget costs can be estimated with fair accuracy
What is one of the disadvantages of the bottom-up budgeting estimation?
Neglecting the estimation to be unreliable
Overlooking the cost of small costly tasks
Estimations are WBS based
Estimations has a greater fidelity