Question 1 [Project cost estimating] Describe project cost estimating: - in general (theory) - at a company that you are familiar with - for a specific project of your choice The following aspects should be addressed in your report: - the relationship between project scope and costing - life cycle costing - cost estimating techniques - the link between project cost and project feasibility The reader of your report should be able to answer the following questions from the information that you provide: - At what phase of the project life cycle will project costing be done? - What is the purpose of project costing? The application of the relevant theory to a specific project would improve your chances of obtaining high marks