Give examples of when you would prepare rough order of magnitude (ROM), budgetary,

and definitive cost estimates for an IT project. Give an example of how you would use

each of the following techniques for creating a cost estimate: analogous, parametric,

and bottom-up.

 

.  Explain what happens during the process to determine the project budget.

  Explain how earned value management (EVM) can be used to control costs and measure

project performance, and explain why you think it is not used more often. What are some

general rules of thumb for deciding if numbers for cost variance, schedule variance, cost

performance index, and schedule performance index are good or bad?