Mike should use Software quality assurance (SQA) technique.
Mike should use reviews to prepare a project estimation and incorporate this estimation in an SQA plan. This technique is part of SQA activity of applying software engineering.
Software quality assurance (SQA) is known to be a type of method used to assures that all software engineering procedures, methods, or activities etc., are been monitored and work with the defined standards.
Note that these defined standards is one that has one or a composition such as ISO 9000, etc.
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