Respond to the following in a minimum of 175 words:

It requires time and experience for any individual to learn and perform a new task, and the same is true for organizations and businesses. For this week, explain the learning phenomenon and how it relates to cost estimation. Select one of the cost estimation methods explained in Chapter 5. Explain the importance of the method. Provide an example of how you have used this method, or could use it, in your own workplace or home.