SNHU QSO340 5-1 Discussion: Budgeting Techniques and Estimating Project Costs

This week we will be learning about budgeting techniques as well as how to correctly estimate project costs. Using the internet, research some budgeting, forecasting, and cost estimating techniques. Discuss the benefits and drawbacks of at least two of these techniques. Which technique would you prefer to use as a project manager? Please explain your reasoning.

Please make sure that you provide your initial response to this forum as well as respond to two posts during the week. Your discussion responses should follow APA Publication Manual guidelines.