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.