8-1 Define cost estimation and explain its purpose. 8-2 Explain the strategic role of cost estimation. 8-3 List the two methods of cost estimation. Explain the advantages and disadvantages of each....

8-1 Define cost estimation and explain its purpose.

8-2 Explain the strategic role of cost estimation.

8-3 List the two methods of cost estimation. Explain the advantages and disadvantages of each.

8-4 Explain the implementation problems in cost estimation.