Top-Down and Bottom-Up Estimating Techniques Comparison Essay by Nicky

A comparative analysis of the top-down and bottom-up techniques in estimating project times and costs.
# 146297 | 1,318 words | 5 sources | APA | 2010 | US
Published on Dec 24, 2010 in Business (Management)


$19.95 Buy and instantly download this paper now

Description:

The paper explains how both the top-down technique and the bottom-up technique work and highlights their differences. The paper then presents a table of the comparisons between top-down and bottom-up estimating mechanisms. The paper concludes that given the combined advantages and disadvantages of the top-down and bottom-up estimation techniques, it is best for the deciders of a project to use both methodologies in assessing the implications of future endeavors.

Outline:
Introduction
Comparative Analysis of Top-Down and Bottom-Up Estimating Techniques
Concluding Remarks

From the Paper:

"The top-down technique revolves around analyzing the value of the project from the business standpoint. It looks at data from the balance sheet and transforms it into information relevant for the project team. The information can generically be retrieved by any party involved in the project, but most commonly this task belongs to those who possess sufficient experience, marketing information, benchmarking capabilities or any other extra-project characteristics. The estimations are seldom based on concrete and verifiable facts. The bottom-up technique on the other hand analyzes the estimates of the project, retrieved from analyses of the already known facts. The most common fact estimation refers to the amount of work the team will have to put in for the completion of the project."

Sample of Sources Used:

  • Cobb, A.T., 2005, Leading Project Teams: An Introduction to the Basics of Project Management and Project Team Leading, SAGE, ISBN 1412909473
  • Goodpasture, J.C., 2003, Quantitative Methods in Project Management, J. Ross Publishing, ISBN 1932159150
  • Heldman, K., 2007, Microsoft Office Excel 2007 for Project Managers, John Wiley and Sons, ISBN 0470047178
  • Lock, D., 2007, Project Management, 9th Edition, Gower Publishing Ltd., ISBN 0566087723
  • Newell, M.W., Grashina, M.N., 2003, The Project Management Question and Answer Book, AMACOM Div American Mgmt Assn, ISBN 0814471641

Cite this Comparison Essay:

APA Format

Top-Down and Bottom-Up Estimating Techniques (2010, December 24) Retrieved February 23, 2024, from https://www.academon.com/comparison-essay/top-down-and-bottom-up-estimating-techniques-146297/

MLA Format

"Top-Down and Bottom-Up Estimating Techniques" 24 December 2010. Web. 23 February. 2024. <https://www.academon.com/comparison-essay/top-down-and-bottom-up-estimating-techniques-146297/>

Comments