In general, how accurate are project cost estimates?
What tools/techniques can be used to ensure the greatest level of accuracy?
Why is it important to review project costs throughout the life of a project?
What is a basis of estimates, and how is it used in project cost management?
Expert Answer
Cost estimation is the process of estimating the cost of the project before starting the project.Before the starting of every project cost will be estimated because investors should make the money for the entire project.Usually these estimations are done as the reference to the normal estimations.There will be not so exact
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