Question: This chapter suggests that estimating project costs is a challenging process that can resemble an art form as much as science. Describe the different methods

This chapter suggests that “estimating project costs is a challenging process that can resemble an art form as much as science.” Describe the different methods used to estimate costs on a project. How useful are these methods?

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Estimating project costs is indeed a challenging process that requires a blend of quantitative analysis historical data expert judgment and sometimes ... View full answer

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