Question: please give simple, short and clear answer 1 Discuss the importance of cost estimation in project planning? Describe how it relates Work Breakdown Structure and

please give simple, short and clear answer

1 Discuss the importance of cost estimation in project planning? Describe how it relates Work Breakdown Structure and the project schedule?

2 Assume that your are developing a software application for your company. Provide examples of the various types of costs (labor, materials, equipment and facilities, subcontractors, etc.) and how they would apply to your project.

3 What are the pros and cons of personal time charge as a cost estimate for a project activity.

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