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The PMBOK Guide notes the difficulties inherent in developing an accurate cost estimate. Project managers frequently use two of the cost-estimating techniques, analogous estimating (top-down)

The PMBOK Guide notes the difficulties inherent in developing an accurate cost estimate. Project managers frequently use two of the cost-estimating techniques, analogous estimating (top-down) and bottom-up estimating. For this discussion, evaluate these two techniques in terms of your project management plan and respond to the following: Which budgeting strategy, top-down or bottom-up, will you use for your project? Why did you select this strategy

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