1.Most if not all projects rely on accurate cost-estimating and budgeting in order to succeed. Identify and describe one of the cost-estimating techniques. In which circumstances would this technique be most effective? Which other technique or techniques could also be used under the same circumstances to refine the initial estimate?

2.The cost-estimating techniques sound very similar to the time-estimating techniques used when creating the Project Schedule. In what ways are they similar? In what ways do they differ? Do you feel it's reasonable to use the same tools (software, etc.) to do both?

3.Identify and describe one of the expenditure tracking techniques. Give an example the circumstances where this technique would be most useful. Support your answer by demonstrating the technique with hypothetical numbers. Do all the techniques apply to all circumstances? Discuss why or why not.