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Describe the methods, uses, and advantages and disadvantages of top-down and bottom-up estimating methods.

TASK

Describe guidelines for estimating time, costs, and resources.

Describe the methods, uses, and advantages and disadvantages of top-down and bottom-up estimating methods.

Distinguish different kinds of costs associated with a project.

Suggest a scheme for developing an estimating database for future projects.

Understand the challenge of estimating mega projects and describe steps that lead to better informed decisions.

Define a “white elephant” in project management and provide examples.

Use learning curves to improve task estimates

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