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The RAID technology may offer two of three desirable values: (relative) inexpensiveness, speed or reliability (RAID 0 is fast and cheap, but unreliable; RAID 6 is extremely expensive and reliable, with correct performance and so on). A common phrase in data storage, which is the same in project management, is "fast, cheap, good: choose two".
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Bottom Up estimating: Using the lowest level of work package detail and summarizing the cost associated with it. Then rolling it up to a higher level aimed and calculating the entire cost of the project. Parametric Estimating: Measuring the statistical relationship between historical data and other variable or flow.
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