Question: 1. What are the three basic types of cost estimating? Describe each type. (20 marks) 2. Describe three tools used in developing a good cost

1. What are the three basic types of cost estimating? Describe

1. What are the three basic types of cost estimating? Describe each type. (20 marks) 2. Describe three tools used in developing a good cost estimate. (20 marks) 3. Describe the concepts of informal methods for distributing information. How do they compare to formal methods for distributing information? (20 marks)

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