Team
Deliverable #5: Cost Estimation Techniques (Week 5)
Purpose: Students will learn how to use cost estimate
techniques to estimate costs.
Outcomes Met With This Assignment:
contribute to a team activity to accomplish the goals of a
project, recognizing the unique strengths and talents of individual team
members
plan a project that meets organizational goals and that has
a high probability of success
Instructions:
This assignment is the fifth of seven group assignments. As
a group, you will learn about cost estimation approaches and select the
approach to use for the project your group selected in Week 1.
NOTE: All submitted
work is to be your original work. You may not use any work from another
student, the Internet or an online clearinghouse. You are expected to understand the Academic
Dishonesty and Plagiarism Policy, and know that it is your responsibility to
learn about the instructor’s and general academic expectations with regard to
proper citation of sources as specified in the APA Publication Manual, 6th Ed.
(Students are held accountable for in-text citations and an associated
reference list only.)
Step 1: Preparation for Writing the Assignment
Before you begin writing the paper, read the following
requirements that will help you meet the writing and APA requirements. Not
reading this information will lead to a lower grade.
Read the grading rubric for the assignment. Use the grading
rubric while writing the paper to ensure all requirements are met. In writing
this assignment, you will read and follow these tasks:
Task 1: Third person writing is required. Third person means
that there are no words such as “I”, “me”, “my”, “we”, or “us” (first person
writing), nor is there use of “you” or “your” (second person writing). If
uncertain how to write in the third person, view this link:
http://www.quickanddirtytips.com/education/grammar/first-second-and-third-person.
Task 2: Contractions are not used in business writing, so
you are expected NOT to use contractions in writing this assignment.
Task 3: You are expected to paraphrase when appropriate and
are NOT to use direct quotes. You can learn to paraphrase by reviewing this
link: https://writing.wisc.edu/Handbook/QPA_paraphrase2.html.
Task 4: You are responsible for APA only for in-text
citations and a reference list. This deliverable should include in-text
citations and references for the descriptions and explanations of cost
estimation methods.
Task 5: You are expected to use the weekly course readings
to develop the analysis and support the reasoning. The expectation is that you
provide a robust use of the course readings. Any material used from a source
document (including both course readings and outside materials) must be cited
and referenced. A reference within a reference list cannot exist without an
associated in-text citation and vice versa. View the sample APA paper located
under Week 1 content. There are also APA resources located under
Content>>Course Resources.
Step 2: Set Up the Paper
Create a Word or Rich Text Format (RTF) document that is
double-spaced, 12-point font. The final product does not have a page limit but
you want to make sure to write clearly and concisely.
Follow this format. Consider making an outline to ensure the
correct headings are in place and to help you organize the paper.
Title page with title, your names, the course, the
instructor’s name, and date
Cost Estimation Methods
Summary of Cost Estimation Methods
Selected Cost Estimation Approach
Step 3: Brainstorm
Task 1: Under Discussion on the main navigation bar, locate
your group.
Task 2: In the LEO classroom (do not use external systems),
participate in a brainstorming and collaboration session to learn about cost
estimation techniques and how to estimate costs.
Task 3: Identify and discuss at least three different
approaches to Cost Estimation. Discuss
which approach is the best fit for your project and why you chose the approach.
Step 4: Cost Estimation Approach
Task 1: Concisely provide a summary of the identified cost
estimation approaches.
Task 2: Identify the cost estimation approach that was
selected for your project. Explain why your group ultimately chose this
methodology.
Step 5: Review
Review the paper to ensure all required elements are present
and correct.
Step 6: Submit the Paper in the Assignment Folder
Have one member of the group submit to the Assignment
Folder. Ensure the title page contains the names of only those students who
contributed to the assignment.
