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Estimate costs for a marketing campaign using the following data: Activity Estimated Cost ($) Research 100,000 Advertising 150,000 Promotions 80,000 Events 120,000 Requirements: Calculate the


  1. Estimate costs for a marketing campaign using the following data:

ActivityEstimated Cost ($)
Research100,000
Advertising150,000
Promotions80,000
Events120,000

Requirements:

  • Calculate the total estimated cost for the campaign.
  • Present the estimation process in a table.
  • Explain the methodology used for cost estimation.
  • Identify potential sources of uncertainty in the estimation.
  • Provide strategies for managing cost uncertainties.

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