Incorrect cost estimates can negatively impact project schedules. Consequently, it is critical to have an effective estimating process, which can vary by project. For this discussion, post the following:
- Provide a brief project scenario (describe the purpose of the project) and recommend an appropriate estimation approach from those described in the assigned readings. Be sure to cite the source of the estimation approach in your post.
- Provide reasons for why the approach is appropriate for the given situation.