4. Formalizing results

Once you have made your estimate, you should present the result with the following information:

• clear indication of non-financial assumptions (planning, workload, etc.);

• exposure of financial assumptions (exchange rates, main hourly rates, etc.);

• identifying reservations that go beyond the technical specifications (risks, managerial reservations);

• proposed results.

At the end of this presentation, your estimate must be formally validated, and constitutes the first reference budget for your project.