First website https://www.projectmanager.com/blog/cost-estimation-for-projects
This website is useful because it does go into detail on
several techniques that can be used for cost estimation a technique. As well as
some other sites that you can use to help with your estimations.
Second website https://www.smartsheet.com/ultimate-guide-project-cost-estimating
Smartsheet was useful it is a useful software that allows
you to organize a project that in turn allows to properly assess a budget for
your project.
My biggest issues with cost estimations are the fear of overestimating
and being the company the company that comes in to high and is instantly eliminated
from contention. And on the flipside low balling the offer and the fear of
operating in a deficit and overworking a team just to secure a job or contract.
Lucking for me in the position I am in with my company I have been ask only a
few times to give an estimate and it is usually on the time it will take to get
something done and not the cost associated with it. And never with a whole
project.
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