As a project manager, you are responsible for preparing project cost estimates The three most popular estimation techniques are Rough order of magnitude (ROM) Budgetary estimate Definitive estimate Provide the following information in your initial post Description of each estimation technique The t...

Sure Id be happy to provide you with information about the three popular project cost estimation techniques 1 Rough Order of Magnitude ROM Description ...

As a project manager, you are responsible for preparing project cost estimates. The three most popular estimation

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As a project manager, you are responsible for preparing project cost estimates. The three most popular estimation techniques are:

Rough order of magnitude (ROM).
Budgetary estimate.
Definitive estimate.

Provide the following information in your initial post:

Description of each estimation technique.
The time frame for utilizing the estimation technique.
Advantages and disadvantages.
Accuracy level.
A real-world example based on a project you have or are currently working on.

Related Book For answer-question

Management Accounting Information for Decision-Making and Strategy Execution

ISBN: 978-0137024971

6th Edition

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

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Posted Date: Aug 18, 2023 07:39 AM

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As a project manager, you are responsible for preparing project cost estimates. The three most popular estimation

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Management Accounting Information for Decision-Making and Strategy Execution

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