Cost and Time Estimations for Three Processes Do cost and time estimations for 3 processes according to credible resources Give a brief reason for your estimations.
Two key features of a project are on-time and on-budget delivery. The project manager can only fulfill these objectives if the estimates leading to the project schedule and budget are accurate. Methods for estimating project times and costs focus on simplifying the process and breaking it down into little steps. Such methods allow project managers to estimate the cost and duration of small tasks more reliably. Estimates of many small tasks will be both high and low, and some will cancel out, reducing the overall error.
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