Fill in a table similar to the example table above so that your two different total project budgets are based on the two selected methods. Discuss what type of contingency budget you will put in place based on the two budgets to mitigate an underestimation.
Unit 4 – Individual Project You are now ready to apply costing methods, tools, and techniques to your project. There are many of these available to assist you in determining your overall budget, as well as to estimate the durations for individual tasks. These methods could include the following: Expert judgment Analogous estimating Parametric estimating […]