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

Question: 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

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.

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