A new team has been put together for a construction project. The project currently does not have a cost estimate but the company has done other builds similar to the one at task and needs the…

Analogous estimating uses actual cost data from previous similar projects as the basis for estimating the current project. Because the company has completed comparable builds, this approach is both feasible and fast, making it ideal when the estimate is required by end of week without detailed scope decomposition.

Bottom-up estimating requires a fully decomposed work breakdown structure and detailed task-level inputs, which takes significant time and is not feasible by end of week without a cost estimate already in place.

Top-down is essentially synonymous with analogous estimating in most frameworks; however, as a distinct answer choice here it implies a less structured approach without the benefit of leveraging specific historical project data.

Expert judgment alone does not constitute a structured estimating technique and without supporting historical data or a defined method it would produce an unsupported figure.