Practical Example Cost Estimation Model

Right at the beginning of a project, the initiator (customer, sponsor, or stakeholder) usually wants to know what financial risk he is getting into. Is it possible to produce a serious cost estimate at an early stage of a project? This is a difficult task and one that is difficult to solve without tools. That is why those responsible often fall back on rather unreliable data. This is not surprising, because at the beginning of the project, no project structure or planning has been created. Therefore, one is often groping in the dark, not only at the beginning of the project but also during the course of the project.