1.1. Explain the various types of common project costs.
1.2. State the difference between various forms of project costs.
1.4. Explain the advantages of parametric cost estimation and the application of learning curve models in cost estimation.
1.5. Discern the various reasons why project cost estimation is often done poorly.
1.6. Apply both top-down and bottom-up budgeting procedures for cost management.
1.7. Explain the uses of activity-based budgeting and time-phased budgets for cost estimation and control.
1.8. State the appropriateness of applying contingency funds for cost estimation.
