A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
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 (author) / Stewart, Robert (author) / Berends, Terry (author)
2011-05-27
16 pages
Article/Chapter (Book)
Electronic Resource
English
Project control : integrating cost and schedule in construction
| UB Braunschweig | 2013
Project control : integrating cost and schedule in construction
| TIBKAT | 2023
Project control : integrating cost and schedule in construction
| TIBKAT | 2013
Project Numbering System for Integrated Cost and Schedule Control
| British Library Conference Proceedings | 2001