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3 Cards in this Set

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  • Back
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5 levels used in the estimation process


C


O


P


B


D

Control estimate


Order of magnitude estimates


Preliminary estimate


Budget estimate


Definitive estimate

Crab

Once decision has been made to carry on with project cost management will concern itself with following matters


C


C


L

Cost of resources needed to complete project


Cost of using the projects product


Life cycle costing and value engineering

Drift wood

Info required to enable project management and it's customers to take decisions on acceptability of matters


C


A


R


R

Cash Flow v.s tube rate of availability of funds


Analysis of the acceptability of payback rates


return on investment


Risk which could cause cost escalation or even overruns

Sea gull