Read the article - Project Management Time & Cost Estimation Techniques: An Overview by Sid Kemp
Using this article and other resources that you locate, write a one page paper answering the following points:
- Explain why project managers need to understand a business before coming up with time and cost estimates.
- Explain what an order-of-magnitude cost estimate is and when is it useful.
- After reading Chapter 6 from the Brewer book.
Write a half page paper answering the below point
Explain the potential impact to project costs and schedules when assigning the following task relationships mandatory, discretionary, and external.