Cost Estimating process: Cost Estimating process on projects for a well-established, fictitious, small-sized software development company who has…

Cost Estimating process: Cost Estimating process on projects for a well-established, fictitious, small-sized software development company who has recently established a Project Management Office.

1.    Overview of Project Cost Estimating process (what is it)

2.    Advantages from a business and project management perspective – why should this software development company implement Project Cost Estimating process on all of their projects?

3.    Concerns/Issues from a business and project management perspective – what problems might occur if this software development company implements Project Cost Estimating process on all of their projects?

4.    Your recommendation for the software development company – should they implement Project Cost Estimating process? Why or why not?