Why are cost estimates so important yet so difficult in, Ask an Expert

Management Studies

Why are cost estimates so important, yet so difficult, in project planning? What are the implications and consequences of overestimating costs, and of underestimating costs?

For each of the following estimating methods, briefly describe the method, when it is used and the estimate accuracy it provides: expert opinion, analogy, parametric, and cost engineering,

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92629711

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