Question: 1 . 1 Paul s main task is cost estimation. Explain the steps of cost estimation. 1 . 2 Paul s sixth project incurred a

1.1 Pauls main task is cost estimation. Explain the steps of cost estimation.
1.2 Pauls sixth project incurred a cost overrun of $20,000 in the Manufacturing Division. A meeting has been
called and you are to advise what the popular mistakes in forecasting are that can cause cost overrun.
1.3 It would be important for Paul to evaluate what went wrong on the project that overran. Provide the primary
reasons for Paul to conduct the evaluation.
1.4 Paul would need to produce an evaluation report. Identify the details that should be included in the
evaluation report.
1.5 Outline the examples of quality standards.
1.6 Define the design phase and evaluate the role of a design phase.

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