All projects incur costs both as initial investment and then recurring cost as maintenance and updates and Project Managers use various tools and techniques for cost estimation. Which of these tools/techniques would you prefer to use and why?

All projects incur costs both as initial investment and then recurring cost as maintenance and updates and Project Managers use various tools and techniques for cost estimation. Which of these tools/techniques would you prefer to use and why?

Your initial post should comprise a minimum of 250 words supported by at least two (2) scholarly peer-reviewed references.

Some resources:

What is Critical Path Analysis? What Is Critical Path Analysis? (With Steps To Use It) | Indeed.com

An Introduction to Project Network Diagram with Examples Project Network Diagram: Explained with Examples (gitmind.com)

Project Schedule Network Diagram: Definition, Uses, Examples. Project Schedule Network Diagram: Definition | Uses | Example – Project-Management.info

What is critical path analysis and how to calculate it? What is Critical Path Analysis and how to calculate it | DICEUS

Requirements: 250 words

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