Question

The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current project is known as

Answer 1

Answer: template method

Explanation:

The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current project is known as template method.

It should be noted that estimating time and cost are vital because it helps schedule work, develop needs of cash flow and show progress of a project.