cost estimation guide #cost

Cost estimating process

With this lecture you can find a Cost estimating guidance for setting out a best practice approach to cost estimation for all team members,
Cost estimating performance framework is built as a cycle of eight steps.
Step 1, Establish brief and engage the team
Step 2, Gather data and document assumptions
Step 3, Select cost estimating methodology
Step 4, Calculate base estimate, uncertainty, risk & opportunity
Step 5, Produce cost estimate report
Step 6, Review and assure
Step 7, Project leadership signoff
Step 8: Use the cost estimate to support decisionmaking,
#cost #estimate
   • cost estimation guide #cost