There are different types of cost estimates. However, other units such as man-days can also be used if theĬurrency amounts are not applicable or irrelevant. Such cost estimates are often expressed inĬurrency units. Tools and Techniques for Estimating Project CostĪ Cost estimate is a quantified expectation of how many resources are required to complete a project or parts of a project.Why Is Cost Estimation Important in Project Management?.Estimate to Complete (ETC) and Estimate at Completion.
