[Solved]compare and contrast parametric and reserve analysis as cost estimation techniques. Please provide an example of each.

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[Solved]compare and contrast parametric and reserve analysis as cost estimation techniques. Please provide an example of each.

(TCO B) Good project cost estimations are
critical to a successful project. With that in mind, compare and contrast
parametric and reserve analysis as cost estimation techniques. Please
provide an example of each.

(TCO A) A company intends to establish a
manufacturing facility by buying an existing factory from a company in the
same industry. A state-of-the art manufacturing line with supporting
utilities will be established in the refurbished factory.

Securing the building will involve negotiating the purchase and
refurbishing and upgrading the building structure.

Utilities that have to be upgraded and new systems installed include an
upgrade of the electrical system, installation of a new compressed air
system, and an increase in the capacity of the plant wastewater treatment
system.

Establishing the manufacturing line will require development of
production equipment specifications, procurement, and installation of
machines and materials handling systems. A systems test plan will be
developed concurrently with preparation of the equipment specifications.
To check out the manufacturing line, a systems test of the complete line
will be performed by operating it to produce product. A separate project
team is handling procurement and stocking of components and materials
that will be needed for the systems test of the new line, as well as when
it becomes fully operational.

Prepare a WBS listing for this project with activities corresponding to a
two-level task and subtask hierarchy. Format the WBS listing with
activity item indents and WBS codes (such as a numbering scheme) that
will clearly identify the level of each activity. Provide columns showing
the WBS code and activities.