Question

There are three elements that can vary in multimedia project estimates: time, money and people

Answer 1

Understanding the equilibrium between these three elements of multimedia project estimates - "People, Time, and Money" - is critical to ensuring that every project has an equal chance of success.

Why does time, money, and people vary in project estimates?

The project plan and the estimate, which specifies the scope of work, are the backbone of the proposal.

Project estimates can be affected by three factors:

• Time
• Money
• Personnel or people

Payments are normally made in three parts, and the time at which they are to be made is predetermined.

Establishment charges may be included in the first instalment of a progressive payment plan. The client or customers owns the completed work for which they have paid. The agreement/contract determines the definition of ownership.

Analyzing the activities associated with the project as well as the individuals that construct it is how cost estimation is done. Multimedia project billing costs typically vary from $60 to $150 per hour.

Check out the link below to learn more about multimedia;

brainly.com/question/24214331

#SPJ4

Answer 2

People, time and money are the three elements that might vary in estimates of multimedia projects. One or both element have to be increased if any one of them is decreased.

What is a Multimedia project?

Multimedia is the integration of media objects such as text, graphics, video, animation, and sound to represent and convey information.  

Multimedia projects are computer programs and products which involve sound, pictures, and film, as well as text. It is a task that sometimes requires a lot of time and effort.

Learn more about multimedia project here,

brainly.com/question/14177087

#SPJ4