Identify a typical type of project in your profession or field of study. Research the top two to three most common project costing/estimating techniques used for this type of projects. Provide the following:
Name the profession/field of study and describe the type of projects you choose.
A short description and steps of each estimation technique.
The pros and cons of each technique.
Explanation of which estimation technique is more prevalent in the industry and why.
Assessment of whether project managers typically use only one or more than one estimation technique for a project and reasons why