Question: There are four cost estimation methods. Pick one of the methods, explain it, and provide an example of how the estimation method can be used

There are four cost estimation methods. Pick one of the methods, explain it, and provide an example of how the estimation method can be used in a project.

Analogous Estimating
Bottom-Up Estimating
Parametric Estimating
Three-Point Estimating

APA formate with refrences

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Heres an explanation of one of the cost estimation methods along with an example BottomUp Estimating BottomUp Estimating is a technique used in projec... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The motor produces a torque of T = 20 N m on gear A. If gear C is suddenly locked so it does not turn, yet B can freely turn, determine the angle of twist of F with respect to E and F with respect to...

QUIZ... Let D be a poset and let f : D D be a monotone function. (i) Give the definition of the least pre-fixed point, fix (f), of f. Show that fix (f) is a fixed point of f. [5 marks] (ii) Show that...

Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...

Design a Java class that represents a cache with a fixed size. It should support operations like add, retrieve, and remove, and it should evict the least recently used item when it reaches capacity.

There are four cost estimation methods. Pick one of the methods, explain it, and provide an example of how the estimation method can be used in a project. Analogous Estimating Bottom-Up Estimating...

There are four cost estimation methods. Pick one of the methods, explain it, and provide an example of how the estimation method can be used in a project. 1- Analogous Estimating 2-Bottom-Up...

There are four cost estimation methods. Pick one of the methods, explain it, and provide an example of how the estimation method can be used in a project. Analogous Estimating Bottom-Up Estimating...

There are four cost estimation methods. Pick one of the methods, explain it, and provide an example of how the estimation method can be used in a project. Three-Point Estimating

There are four cost estimation methods, I chose " Parametric Estimating" , I need to provide an example of how the estimation method can be used in a project. References have to be in APA7 style.

complete questions one and two in about two paragraphs each. 1. There are four cost estimation methods. We will discuss the Three-Point Estimating method. Please, explain it, and provide an example...

There are four cost estimation methods. explain them and provide an example of how the estimation method can be used in a project. Analogous Estimating Bottom - Up Estimating Parametric Estimating...

Comparison of two protective methods against corrosion yielded the following maximum depths of pits (in thousandths of an inch) in pieces of similar metals subjected to the respective treatments: Use...

Draft a quarterly cash budget for the Zoo Extravaganza (ZE) for the first two quarters of the coming year. Use just the information in this problem. 1. Interest is paid on the last day of the year...

Which is an independent variable in a study when Tractor Supply a retailer of garden and farming equipment increases the price of its most popular lawn tractor by $ 5 every month for three months and...

A fireworks rocket explodes at height h, the peak of its vertical trajectory. It throws out burning fragments in all directions, but all at the same speed v. Pellets of solidified metal fall to the...

An ant, crazed by the Sun on a hot Texas afternoon, darts over an xy plane scratched in the dirt. The x and y components of four consecutive darts are the following, all in centimeters: (30.0, 40.0),...

Ammonia in a piston/cylinder arrangement is at 700 kPa, 80C. It is now cooled at constant pressure to saturated vapor (state 2) at which point the piston is locked with a pin. The cooling continues...

How does managements explanation enhance the usefulness of financial accounting information?

Discuss and illustrate how a correction of an error in previously issued financial statements should be handled.

Which of the following employees at a company would be the most likely to prepare the direct materials budget during the master budgeting process? Question 32 options: Head of human resources...

Fogel Companys income statements for the past two years are as follows: Required: Prepare a common-size income statement for year 2 by expressing each line item for year 2 as a percentage of that...

Lester Company produces a variety of labels, including iron-on name labels, which are sold to parents of camp-bound children. (The camps require campers to have their name on each article of...

In computing the periods net cash operating flows, why are noncash expenses added back to net income?

Data for Fairchild SA are presented in E23.11. Fairchild SA INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2019 Sales...

The accounts below appear in the ledger of Popovich SA. Instructions From the postings in the accounts above, indicate how the information is reported on a statement of cash flows by preparing a...

Following are selected statement of financial position accounts of Sander Bros. Corp. at December 31, 2019 and 2018, and the increases or decreases in each account from 2018 to 2019. Also presented...