Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the textbook, PMP Exam Prep , review Chapter 8, Schedule . While a top-down estimate for project duration is typically done by the top

  1. In the textbook, PMP Exam Prep, review Chapter 8, Schedule.
  2. While a top-down estimate for project duration is typically done by the top management, a bottom-up estimate is based on the estimates the respective team members make for individual tasks. Though a top-down estimate is usually less realistic than a bottom-up estimate, it helps the project manager understand the expectations of the top management. On the other hand, though a bottom-up estimate is more realistic than a top-down estimate, it might lead to dishonest (or "padded") estimation by some team members. It is important for the project manager to consider both the top-down and bottom-up estimates before finalizing an estimated duration after considerable negotiation with top management.
  3. Your submission should include:
    1. 5-slide presentation (not including the cover or source slide) that will be used to launch your new team. Be sure to discuss your expectations, your leadership style, and how they should expect to work with you. For example, explain how you will address issues that may arise, who will make decisions, what happens if the team falls behind schedule, etc.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Risk Management And Insurance

Authors: George E. Rejda

10th Edition

0321414934, 9780321414939

More Books

Students also viewed these General Management questions

Question

understand the diversity and complexity of ageing in the workplace;

Answered: 1 week ago