Which estimation method typically incorporates expert judgment alongside detailed task analysis?

Prepare for the WGU MGMT3400 C722 Project Management Exam with comprehensive flashcards and multiple-choice questions. Each question includes hints and detailed explanations to boost your readiness for success!

The bottom-up estimation method is the correct choice because it involves a detailed breakdown of project tasks into smaller components and estimates the costs and resources required for each individual task. This approach allows project managers and teams to utilize expert judgment in assessing the complexity and resource requirements of each task based on their experience and knowledge.

By examining each component closely, teams can create more accurate estimates that reflect the realities of the work involved. Additionally, as experts analyze the individual tasks, they may identify potential risks, resource needs, and other factors that could influence the project's overall budget and time frame. This thorough and meticulous approach often leads to more reliable estimates compared to more generalized methods.

Other methods, such as parametric estimating, typically rely on statistical relationships or benchmarks rather than detailed task analysis. Top-down estimation generally involves high-level estimates without granular breakdowns, while the apportion method allocates a portion of total costs to specific tasks based on historical data but does not emphasize task-level analysis or expert judgment to the same extent as bottom-up estimation.

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