Estimating schedule activity costs involves developing an approximation of the costs of theresources needed to complete each schedule activity. Cost estimating includes identifying andconsidering various costing alternatives. For example, in most application areas, additional workduring a design phase is widely held to have the potential for reducing the cost of the executionphase and product operations. The cost estimating process considers whether the expectedsavings can offset the cost of the
Aproject scope statement
Bstatement of work
Cproject management plan
Dproject policy
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