Original work only!!!

Two paragparaghs 

"Estimating Costs" Please respond to the following:

• Suppose you were asked to prepare a cost estimate for a project to purchase laptops for all faculty and staff at your college or university. How would you start? How long would it take you to prepare a good estimate? What type of estimate would you prepare, and what approach would you use to develop a cost estimate? Why do you think it’s necessary to understand some of the basic cost terms in project management?