What approach would you use to develop a cost estimate

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Reference no: EM131973612

Discussion: "Estimating Costs"

Respond to the following:

• Suppose you were asked to prepare a cost estimate for a project to purchase laptops for all faculty and staff at your college or university. How would you start? How long would it take you to prepare a good estimate? What type of estimate would you prepare, and what approach would you use to develop a cost estimate? Why do you think it's necessary to understand some of the basic cost terms in project management?

Reference no: EM131973612

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