Write around 300 words about the topic

Write around 300 words about the topic

I’m stuck on a Management question and need an explanation.

Think about the estimating approaches at your organization on projects, then answer following questions

Think about the estimating approaches at your organization on projects, then answer following questions

1. Write a brief description of the current estimating practices

2. List at least two strengths and weaknesses of the approach used

3. If you prefer the current method, then discuss how the process might be improved? If you don’t prefer the current estimating method, then provide a justification of why the method should be changed.

4. Which approach is best for the project on planning phase?

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