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Consider this assignment that you have now been asked to do a more detailed cost estimate based on the resources required to complete your project. Research cost estimation techniques including top-down, bottom-up, and parametric modelling and post your opinion on ONE of the following questions.

Discuss the pros and cons of top-down or analogous estimates, bottom-up estimates, and parametric modelling? Which approach would you select?

Based on the cost estimation models researched, name and describe eight cost categories that you would include in computing the overall cost estimate?

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