Explain and justify the cost estimating techniques used

With the report you will create an Interim project plan using Microsoft Project. As part of this report, address the following topics or questions. Where necessary, define assumptions you made.

  • Total cost of ownership—what it means to the project and to the business, how it is calculated, its role in the failed project, and your estimates for the turnaround project.
  • Return on investment—what it means to the project and to the business, how it is calculated, and your estimates for the turnaround project.
  • Earned value analysis—your assessment of progress in the failed project, an explanation of how this analysis contributed to your proposed budget, and how earned value analysis will be used throughout this project.
  • Project budget—an analysis of the failed project budget, techniques used to prepare your proposed project budget, and the proposed project budget.
  • Develop a new project budget with a more detailed assessment of the resources.
  • Establish a total cost baseline for measuring project performance.
  • Explain and justify the cost estimating techniques used

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