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Discuss the methodology your company uses for project cost estimation.

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The expert discusses the methodology your company uses for project cost estimation.

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The methodology followed by my company for project cost estimation is using experts for estimating project costs.

We often use Expert judgment techniques, which involves consulting with cost estimation expert or a group of the experts to use their experience and understanding of the proposed project to arrive at an estimate of its cost. This is called Delphi Technique. Delphi Technique is an approach to cost estimation in which several ...

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