Question

When estimating resource needs, it is best to attempt to ________ estimate the needs.

Answer 1

When estimating resource needs, it is best to attempt to bottom-up estimate the needs.

Bottom-up estimate means splitting complex tasks into simpler ones and then process the resources needed for each of these small steps. The cost or the need of these resources for individual tasks in then summed up in order to obtain a total estimate. The more detailed and smaller a task is, the greater will be the accuracy of this technique.

Resources refer to people, places, equipment or any other thing that a project needs to be executed. The main objective of estimating the resources is to allocate the necessary resources to each activity on the list.

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