Project Management DF 3. Critically evaluate bottom-up method.(An estimating method ) In your evaluation, do the following: There are five common methods in project management for estimating the cost of a project that include the bottom-up method, top-down method, analogy method, expert judgment method, and parametric method. Explain the bottom-up method and provide a detailed example that demonstrates how it would be used to plan a remodel for a medium size doctor’s office with a strict budget. Describe the advantages and disadvantages of this method for a remodel for a medium size doctor’s office with a strict budget. Explain why bottom-up method would be the best method for remodel of a medium size doctor’s office with a strict budget versus each of the methods listed below. - top-down method - analogy method - expert judgment method - and parametric method.