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Bout budget estimation and developing budget

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Reference no: EM132397429

Budget Estimating

This assignment consists of 2 parts: questions about budget estimation and developing a budget.

Part 1 Questions

Provide responses to the following questions

1. You are providing a review of contractor bids for a component of your upcoming project. What can be done to determine whether or not a vendor's bid is reasonable?

2. Describe the conditions for which parametric, analogous and bottom up estimation techniques work best, and provide 2 examples in support of each method.

3. Why is a cost management plan important? How does the plan benefit the project manager?

Attachment:- Budget Estimating.rar

Reference no: EM132397429

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