Question

When should the bottom-up estimate be used? What project documents are required for this method?

Answer 1

A person should use the bottom of estimate when there is a need to develop a higher level of commitment among the team members for employees, and there is a need to estimate the cost and time required for doing any task or the project.

Any person should use a bottom-up estimate when there is a requirement of estimating the smaller components of something when they require to assess the in-depth estimate knowledge of all the aspects of any task or a project.

The bottom-up estimate is the best estimate method when a person requires to estimate the budget for scheduling for any task or job or the project.

The project documents required for this method of bottom-up estimate mainly work packages.

Work packages are the information from the work breakdown structure, containing detailed information regarding the work.

Work-packages act as a contract between the parties involved in the deal.

It includes the estimate of the scope and significant deliverables produced by each team member.

It would adequately assess all the cost, risk, and time assessment regarding the project.

Under this document, the project manager would write down all the estimates of the respective team member's variables, and the team member will sign the material, which will act as a contract between both of them.