4129877
Sab8#68:_Estimate Cost
- Cost Management Plan
- Human Resource Management Plan
- Scope Baseline
- Project Schedule
- Risk Register
- Enterprise environmental factors EEF's
- Organizational Process Assets OPA's
- Project management estimating software
- Vendor bid analysis
Annotations:
- More than one contractor bid on the job
- Reserve analysis
Annotations:
- Putting some cash away just in case
- Cost of quality
Annotations:
- how much money it takes to do the project right
- Group decision-making techniques
- Variable Costs
- Change with
the amount of production
or the amount of work
Annotations:
- Cost of material, supplies and wages
- Change with
the amount of production
or the amount of work
- Fixed Costs
- Do not change
Annotations:
- Cost of set-up, rent, utilities
- Do not change
- Direct Costs
- Are directly
attributable to the
work on the project
Annotations:
- Team travel, team wages, recognition, cost of material used on the project
- Are directly
attributable to the
work on the project
- Indirect Costs
- Are overhead items or costs
incurred for the benefit of
more than one project
Annotations:
- Taxes, fringe benefits and janitorial services
- Are overhead items or costs
incurred for the benefit of
more than one project
- Project management costs
- Determining Resource Cost Rates
- Accuracy or Estimates
- Rough Order or Magnitude
(ROM) Estimate
Annotations:
- Made during project initiating -25 to +75 percent
- Budget Estimate
Annotations:
- Made during project planning -10 to +25 perecent
- Definitive Estimate
Annotations:
- As the project progresses, the estimate will become more refined -5 to +10 percent
- Rough Order or Magnitude
(ROM) Estimate
- Activity cost estimate
- Explanation of how those
estimates were derived
- Updates to the risk register
and other project documents
Media attachments
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