Imagine that your college or university has requested you to provide a cost estimate for a project that would include the purchase of laptops for all of the teachers and staff members. Where would you even begin? How much time do you think you'll need to put up a reliable estimate? In order to make an accurate cost estimate, what kind of estimate would you create, and what strategy would you use to do so?

Imagine that your college or university has requested you to provide a cost estimate for a project that would include the purchase of laptops for all of the teachers and staff members. Where would you even begin? How much time do you think you'll need to put up a reliable estimate? In order to make an accurate cost estimate, what kind of estimate would you create, and what strategy would you use to do so?

Information Technology Project Management

9th Edition

ISBN:9781337101356

Author:Kathy Schwalbe

Publisher:Kathy Schwalbe

Chapter7: Project Cost Management

Section: Chapter Questions

Problem 1RC

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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?
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