[Solved]to estimate costs for these three projects. Given the below information on each project, recommend an appropriate estimati

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[Solved]to estimate costs for these three projects. Given the below information on each project, recommend an appropriate estimation method and justify your answer for each.

You are the project manager for three
projects. You are about to estimate costs for these three projects. Given
the below information on each project, recommend an appropriate
estimation method and justify your answer for each.

Project A: This project is new to your company. You do not feel confident
in estimating the project costs using internal resources. There are other
companies that have done this type of work. Yet you still want the most
accurate estimates possible.

Project B: The work of this project has not likely been done before by
anyone. You are breaking technological barriers in this project. As such,
it is imperative you get accurate cost estimates.

Project C: This project will be a scale-up of a project done last year.
All the same processes will be used. The costs for the material and other
resources should be scalable based on last year’s costs.