Home » PMI » PMP » 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__________
A. Before the budget is complete
B. After the budget is approved by management
C. Using a parametric estimating technique and model specific for that project type
D. Using a bottom-up estimating technique
Correct Answer: A
Explanation/Reference:
Explanation:
Often project cost estimates are prepared after budgetary approval is provided. However, activity cost estimates should be prepared before the budget is complete.
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