Important Methods of Project Estimation with Tools
Believe it or not, reliable cost estimation is necessary for every project. Ignoring it will cause problems in creating the proper business plan. It restricts you from defining detailed budgets and estimating the requirement of resources. You might not be able to control the overall project perfectly. Today, the solutions to such difficulties are possible with some Cpq tools available in the market. There are various methods of project estimation that are used in the cost estimation process. But what is suitable for your project gets decided by yourself. So, if you want to know the best tools and techniques, here is a list of some that professionals use to estimate the cost: METHOD 1: Expert Judgment Expert judgment is the perspective of experienced specialists. You can receive it from an individual or a group of professionals with resource planning and estimation. Even before using the project cost estimating tools, expert judgment is the first thing that works. It is helpful becaus