Question: project. 2. An initial cost estimate can determine whether an organisation greenlights a project and if the project is sustainable and move forward, the estimate

project.

2. An initial cost estimate can determine whether an organisation greenlights a project and if the project is sustainable and move forward, the estimate can be a factor in defining the projects scope.

a) Why project cost estimation is important in any project.

b) Describe FOUR main techniques in cost estimating. State at what stage of project development is each techniques best used.

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