Discussion: "Estimation Techniques"
Respond to the following:
• There are various methods that may be used to determine activity estimates with respect to resources, costs, and durations. Choose at least three estimation techniques that may be used for determining activity estimates for an IT project. Describe the pros and cons of each. Determine the most efficient estimation technique for an IT project; include an example or scenario to support your response.
• Describe the accuracy level and the risk level of effort and the activities associated with each estimation technique you chose in Part 1 of this discussion. Determine the technique that would be efficient for the following:
1. Estimating a source code based project
2. Systems development project
3. High-risk software project.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.