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Project Cost and Schedule Estimates
This chapter discusses the need for and the importance of a good cost and schedule estimate when performing risk‐based estimating (RBE) process. Cost estimates are completed at various stages of a project. The estimate stages can be planning, scoping, design, letting, or construction. Cost estimating methodologies fall into one of four categories: parametric, historical bid‐based, cost based, and risk‐based. These categories encompass scores of individual techniques and tools to aid the estimator in preparing cost estimates. The risk‐based estimating process requires a base estimate, which could encompass a mixture of the parametric, historical bid‐based, and cost‐based methods for its development. The cost estimating process includes the following steps: determine basis of estimate, prepare estimate, review estimate, determine risks and set contingency, determine estimate communication approach and conduct independent review and obtain management endorsement. Documentation is a key element in the good estimating practice.
Project Cost and Schedule Estimates
This chapter discusses the need for and the importance of a good cost and schedule estimate when performing risk‐based estimating (RBE) process. Cost estimates are completed at various stages of a project. The estimate stages can be planning, scoping, design, letting, or construction. Cost estimating methodologies fall into one of four categories: parametric, historical bid‐based, cost based, and risk‐based. These categories encompass scores of individual techniques and tools to aid the estimator in preparing cost estimates. The risk‐based estimating process requires a base estimate, which could encompass a mixture of the parametric, historical bid‐based, and cost‐based methods for its development. The cost estimating process includes the following steps: determine basis of estimate, prepare estimate, review estimate, determine risks and set contingency, determine estimate communication approach and conduct independent review and obtain management endorsement. Documentation is a key element in the good estimating practice.
Project Cost and Schedule Estimates
Cretu, Ovidiu (Autor:in) / Stewart, Robert (Autor:in) / Berends, Terry (Autor:in)
27.05.2011
16 pages
Aufsatz/Kapitel (Buch)
Elektronische Ressource
Englisch
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