This week's discussion purpose is to gain an understanding of the organization's plan cost management process by which the organization's process for determining budgets for an integrated project process evaluated and how it relates to the PMBOK® Guide. The PMBOK® Guide has quite a number of cost-estimating methods. Which methods are employed in your organization? How closely do they resemble the methods found in the PMBOK® Guide? How effective are they?
a) Quantitative analysis
b) Parametric estimating
c) Analogous estimating
d) Bottom-up estimating