Question 1 discuss the techniques that companies are using, Ask an Expert

Management Studies

Question 1. Discuss the techniques that companies are using today for estimating time and cost in their projects.

Question 2. Costs such as salaries and equipment rental are a more cut and dry expense to estimate than the cost of effort. Describe how to estimate effort. Discuss why it is so important to estimate projects correctly, and why overestimating projects can be just as detrimental as underestimating them.

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