Project cost estimation refers to calculating an approximate sum for all the money spent to finish a project within its defined parameters and the allotted time frame. In the early phases of planning, initial, high-level estimates are typically employed and can influence whether or not the project is pursued. Once a project has been accepted and the company decides to move forward, more precise, and thorough cost estimates are required to distribute resources effectively. https://www.quick-devis.com/en/importance-of-cost-estimation-in-project-management/