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Providing detailed cost estimates for projects with a high degree of uncertainty or where the scope isn't fully defined may not offer value due to
Providing detailed cost estimates for projects with a high degree of uncertainty or where the scope isn't fully defined may not offer value due to frequent changes (to the estimates). (PMBOKGuide, Chapter 7)
Assume you are leading a project where this is the case.
- What would your position be on whether to provide detailed cost estimates?
- Include whether this would be beneficial or detrimental to the project?
- Consider the implications to the project manager and the project plan?
- Provide examples to help explain.
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