Determine a budget based on estimate

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Project Budget Planning : Your best friend, Linda, just sold her apartment and purchased another one. Linda is planning her move. Linda asked you to advice on the cost of her move. Your initial reply to Linda was that you moved from an apartment a little smaller than hers last year and the distance was about the same. Because you did it with a 14-foot truck and cost about $575 for the truck rental, pads, hand truck, rope, boxes, and gas you anticipate Linda's initial estimate of the cost of the move should be less than $700. So, you decided that the cost would be affordable, and the project could go forward. Discuss how would you explain the conclusion of the estimates to enable Linda gain confidence in your advice for the move. What type and method of estimating did you use? What tools and techniques did you use to come to your estimate. Determine a budget based on your estimate.

Reference no: EM133144815

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