Project Management DQ

No plagirism , no work cited from wikipedia , due 3/21/16 - please cite your work. must be at least 350  words

There are five major methods in project management for estimating the cost of a project that include the bottom-up method, top-down method, analogy method, expert judgment method, and parametric method.

Select and critically evaluate an estimating method. In your, evaluation do the following:

• Explain the method and provide a detailed example that demonstrates how it would be used to plan a project in a real or hypothetical scenario.
• Describe the advantages and disadvantages of this method in your scenario.
• Explain why this would be the best method for the scenario you described versus the other available methods.