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(a) Based on the CEOs direction, you are to appraise the priority of the project by constructing a project priority matrix. (5 marks)
(b) Appraise four (4) relevant conditions in deciding to use the Top-down or Bottom-up Estimate approach for estimating the project cost. For each condition, explain the preferred approach and whether the approach is suitable to SWL for RCS Project. Recommend the overall best approach and explain one estimation cost method to SWL.
You shall answer in this format:
For condition on ________, *Top-down/Bottom-up Estimate is preferred because ____________________. This *is/is not the case for RCS Project as ____________________. Hence SWL shall use *Top-down/Bottom-up Estimate under this condition.
Overall, I recommend SWL to adopt the _____________ approach. The method of estimation will be ___________. [Briefly explain the method]
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