The project budget includes costs for each activity plus other project costs such as administrative costs and overhead costs B) true.
The lowest-up technique is typically greater dependable and preferred for estimating because it assesses every work bundle from the lowest, operating up to a deliverable and section. It's miles sensible to use when project schedules and price ranges from preceding similar projects are to be had for reference.
This approach is an extension of the ratio method, apportionment is used when initiatives carefully comply with past projects in functions and fees. Given exact ancient statistics, estimates may be made speedily with little attempt and reasonable accuracy.
Learn more about budgets here https://brainly.com/question/6663636
#SPJ4
