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Question:

The project team recently joined in a working session to determine the costs associated with individual activities. To yield a more accurate estimate, they decompose each activity down further into smaller chunks. What estimating technique is the team practicing?

A Bottom-up estimating
Explaination

The team is using bottom-up estimating. This technique estimates costs associated with every activity individually and then rolls them up to derive either a more accurate activity-level estimate or a total project estimate.