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Explain the role and importance of project estimating in project management. Compare and contrast the four commonly used project estimating techniques (expert judgement, analogous, parametric, and bottom-up estimating). Identify which technique is the best for establishing a new project management office in an organization and justify your selection.

Explain the role and importance of project estimating in project management. Compare and contrast the four commonly used project estimating techniques (expert judgement, analogous, parametric, and bottom-up estimating). Identify which technique is the best for establishing a new project management office in an organization and justify your selection.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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  • Explain the role and importance of project estimating in project management.
  • Compare and contrast the four commonly used project estimating techniques (expert judgement, analogous, parametric, and bottom-up estimating).
  • Identify which technique is the best for establishing a new project management office in an organization and justify your selection.
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