Examine the different methods of estimating costs

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Reference no: EM133662264

Question

Examine the different methods of estimating costs. This assignment is designed to evaluate your ability to apply cost-estimating techniques for project activities. You will learn both qualitative and quantitative options to determining the project's budget. Jacqueline is the project manager for Jet on Demand (JoD), a company that brokers private jet flights for companies and consumers who want to avoid the hassle of flying commercially. Currently, the flights are booked by calling a toll-free number, which is time consuming and prone to mistakes. Felicia Daniels, a retired military pilot, founded JoD and serves as the CEO. She hired Jacqueline because of the urgent need to create an app that allows customers to book a flight on their mobile devices, whether iOS of Android. Felicia believes this technology will increase business, especially since private jets are becoming more affordable. The schedule for the project is 7 months, and Felicia has allocated $250,000 for the work. However, Jacqueline's team has yet to complete the planning process.

Reference no: EM133662264

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