Please explain in brief about 1000 words & please dont post the answer without source(need references)?

A brief description of the current estimating practices primarily employed at your organization on projects (if you do not know the approach or no formal approach is used, then use this response as an opportunity to state an approach based on what you have learned in the lectures and reading) List a couple of strengths and weaknesses of the approach used If you prefer the current method, then discuss how the process might be improved If you don't prefer the current estimating method, then provide a justification of why the method should be changed. A brief description of the current estimating practices primarily employed at your organization on projects (if you do not know the approach or no formal approach is used, then use this response as an opportunity to state an approach based on what you have learned in the lectures and reading) List a couple of strengths and weaknesses of the approach used If you prefer the current method, then discuss how the process might be improved If you don't prefer the current estimating method, then provide a justification of why the method should be changed