Question: Describe methods and tools for cost management and cost analysis. 1. Explain two methods for conducting project cost estimating and at least one advantage and

Describe methods and tools for cost management and cost analysis. 1. Explain two methods for conducting project cost estimating and at least one advantage and disadvantage of each. 2. Describe earned value management and its application in evaluating costs. 3. At what stage of the project lifecycle would you estimate cost? 4. Explain how you can identify and evaluate cost variations.

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