Sean, a project manager, has to prepare the budget for a new project. He estimates the overall project cost by estimating the costs of the major tasks. He then gives these estimates to Raphael, an engineer who works under Sean, to split up the costs for each of the activities involved in accomplishing the major tasks. In this scenario, Sean is using:.
a) top-down budgeting. b) bottom-up budgeting. c) agile project budgeting. d) dynamic matrix budgeting. e) lateral budgeting.