Why is cost management plan important

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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?

Reference no: EM132215987

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