“Estimation Techniques” Please 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