Review Ch. 5 of Project Management: The Managerial Process and the Week 1 ERR articles located under the “Project Estimation,” “Project Scope,” and “Project Risk Analysis” topic headers.
Write a 350- to 700-word paper that briefly explains the following:
- Explain the factors that can affect cost estimate quality.
- Explain the difference between top-down and bottom-up estimates including when each would be used.
- Explain the methods for estimating project costs.
- Explain the types of costs.
Format your paper consistent with APA guidelines.