..... can be very effective and provide reasonable assurance when the stakes are high and the margin of error is low.

PROJECT PLANNING AND ESTIMATION

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____ can be very effective and provide reasonable assurance when the stakes are high and the margin of error is low.

A	Guesstimating
B	Delphi Technique
C	Time Boxing
D	Top-Down Estimating
E	Bottom-Up Estimating

Explanation:

Detailed explanation-1: -top-down estimating. Bottom-up estimating is different from a top-down approach. In top-down estimating, management estimates the project based on the previous work on the same or similar projects. Bottom-up estimation is ideal for unique projects or work that is unlike anything the team has done before.

Detailed explanation-2: -Bottom-up estimating is a management technique for determining the overall cost or timeline for a project by examining the work at the most granular level of detail, compiling all this information, and then coming up with an overall budget and timeline for a project that can be delegated to team members.

Detailed explanation-3: -Another risk of fast-tracking is that it can lead to burnout among team members. When people are rushed, they may not be able to take the time to properly plan and execute their work, which can lead to a lot of stress and frustration.

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PROJECT PLANNING AND ESTIMATION