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Cisco Systems, Inc. is planning to upgrade its network infrastructure and needs to estimate the total project cost. The cost accountant explored various cost estimation
Cisco Systems, Inc. is planning to upgrade its network infrastructure and needs to estimate the total project cost. The cost accountant explored various cost estimation techniques, such as parametric estimating, bottom-up estimating, and analogous estimating. Each technique offers advantages and limitations in estimating project costs accurately. Evaluate the suitability of each cost estimation technique for Cisco Systems, Inc.'s network infrastructure upgrade project and recommend the most appropriate approach.
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