What are some of the pitfalls in cost estimating? What steps can a project manager take to address potential cost overruns?

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What are some of the pitfalls in cost estimating? What steps can a project manager take to address potential cost overruns? What steps can a project manager take to make controlling costs easier? Can these steps also be leveraged to control other areas of a project, such as a project’s scope or schedule? Explain your answer

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