MGMNT 404 Devry 4.Identify and briefly describe the two major categories of estimating project time and costs. How are these used during the

MGMNT 404 Devry4.Identify and briefly describe the two major categories of estimating project time and costs. How are these used during the estimating process? 5.(TCO 3) What are the major types of costs? Which costs are controllable by the project manager?6. (TCOs 2 & 3) Describe the ideal approach for a project manager to develop optimal estimates for a project's time and costs. (Points : 5) 7.TCO 1) You are in charge of organizing a dinner-dance concert for a local charity. You have reserved a hall that will seat 30 couples and have hired a jazz combo.8.Develop a scope statement for this project that contains examples of all of the elements. Assume that the event will occur in four weeks, and provide your best guess estimate of the dates for milestones.9.You are not expected to produce a comprehensive scope statement, but to demonstrate your ability to correctly identify the right kind of information for each element.