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Differences in bottom-up and top-down estimating approaches

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Reference no: EM132879058

Question 1. Why is it important to develop a time-phased budget for a project? Discuss how project budgets are developed in an organization with which you are familiar. What improvements would you suggest?

Question 2. What are the differences between bottom-up and top-down estimating approaches? In what situation would you prefer one to the other? Provide an example to support your answer.

Reference no: EM132879058

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