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.
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Formalizing results