Prepare a budget using Bottom up estimation technique and answer the question in Pic 2 ?

The estimated cost for the data disposition project is $25 million. The total investment cost for each phase: . Phase 1 - 32.9% Phase 2-55.6% Phase 3-11.5% . Total No 1 2 3 4 5 6 Project Cost in Millions $ Phase 1 Phase 2 Phase 3 Defining your data and data structure 1.2 2.3 0 Understand how data is used 1.5 .8 .2 Identify data interdependencies .8 2 2 Link data to data holds and retention schedule .7 1.3 .5 Design approaches to de-identify and dispose of data 2.7 5 .3 Develop data disposition initiatives and implement them .5 1.5 1 Establish a road map to implement initiatives.825 1 .675 8.225 2.875 3.5 2.5 3 2.5 8 3 2.5 25 7 13.9 3. Assuming that the total cost provided were the normal cost. The optimistic cost were under-estimated by 30%, and the pessimistic cost exceeded the normal cost by 20%. Prepare a budget using an appropriate estimation technique and justify your choice. Explain to the directors how your team will handle inaccurate estimation issues. The estimated cost for the data disposition project is $25 million. The total investment cost for each phase: . Phase 1 - 32.9% Phase 2-55.6% Phase 3-11.5% . Total No 1 2 3 4 5 6 Project Cost in Millions $ Phase 1 Phase 2 Phase 3 Defining your data and data structure 1.2 2.3 0 Understand how data is used 1.5 .8 .2 Identify data interdependencies .8 2 2 Link data to data holds and retention schedule .7 1.3 .5 Design approaches to de-identify and dispose of data 2.7 5 .3 Develop data disposition initiatives and implement them .5 1.5 1 Establish a road map to implement initiatives.825 1 .675 8.225 2.875 3.5 2.5 3 2.5 8 3 2.5 25 7 13.9 3. Assuming that the total cost provided were the normal cost. The optimistic cost were under-estimated by 30%, and the pessimistic cost exceeded the normal cost by 20%. Prepare a budget using an appropriate estimation technique and justify your choice. Explain to the directors how your team will handle inaccurate estimation issues