Your project is now at a time where the costs need to be determined so that you can create your budget
Your project is now at a time where the costs need to be determined so that you can create your budget. In order to estimate costs, you must use one of the cost estimating tools and techniques listed in Figure 5-23 in Process Groups: A Practice Guide and detailed in Section 10 of that same book. Because you are not sure which tools and techniques to use, select one of the tools and techniques provided and research it.
Instructions
Write a paper about why the method would be the best option for your project. In order to complete this assignment, follow the following instructions.
Pick a cost/budget concept from Process Groups: A Practice Guide.
Provide an explanation of the estimating tool or technique you decided to use so the reader understands the approach.
Conduct research using our textbook, two scholarly articles, and two popular sources. In other words, you need at least five sources).
Explain what your research indicates regarding the estimating technique you selected to choose.
Are there potential issues that could happen as it relates to the type of project you selected?
Is the technique you selected used by other similar organizations or industry participants?
You determine which criteria is most important to understand about the technique you selected.
Once your paper is complete, upload it for review and grading
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