**Bottom-up estimates** are typically **more accurate** than **top-down estimates**, especially for detailed project schedules. Here’s why:
- **Top-down estimates** involve estimating the duration of a project or activity based on historical data, expert judgment, or overall project goals, without breaking the project down into its detailed components. This approach is useful for early-stage planning or when only high-level information is available, but it tends to be **less precise** because it lacks detailed task-level insight.
- **Bottom-up estimates** are more detailed and involve estimating the duration of individual tasks or activities and then summing them to get the overall project duration. Since it breaks down the project into smaller components, it tends to be **more accurate** but can be more time-consuming to create.
For example, in house construction:
- **Top-down estimate**: Estimating the entire house will take 6 months based on similar projects.
- **Bottom-up estimate**: Estimating specific tasks like foundation (3 weeks), framing (4 weeks), roofing (2 weeks), and so on. This method offers more precision by focusing on individual tasks and their respective durations.
**Summary**: Top-down estimates provide a high-level overview that is quick but less accurate, while bottom-up estimates give a more reliable and precise project duration because they are based on detailed task-level analysis.
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