Cost Estimates

In 200 words or more using a minimum of one reliable source – Must use APA citation format
you were asked to prepare a cost estimate for a project to purchase laptops for all faculty and staff at your college or university.
How would you start?
How long would it take you to prepare a good estimate?
What type of estimate would you prepare, and what approach would you use to develop a cost estimate?
Why do you think it’s necessary to understand some of the basic cost terms in project management?