Bottom-up Estimating

Bottom-up estimating is a detailed project planning method where each individual task or component is assessed separately to determine its cost and time requirements. These estimates are then combined to create a comprehensive overall projection for the entire project. This approach ensures accuracy by analyzing specifics, reducing the risk of surprises later. It’s particularly useful for complex projects where precise budgeting is critical. Essentially, it builds the bigger picture from the smallest details, providing a thorough and reliable estimate based on careful evaluation of every part involved.