Project success cannot be supported without accurate knowledge of the cost ceilings to which the project must be controlled and those ceilings are imposed by budgets delivered from cost estimates. Upon completion of this course, students will better understand cost estimating and the following:
The common industry classifications of cost estimates
The common methodologies applied to prepare cost estimates of the various classifications
The accuracy of estimates types to the typical definition of scope and viable methodologies for the types
How to apply risk analysis techniques to determine appropriate contingency for an estimate
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10:15:28.70 ACECODE.ONPROCESSINIT coursestatus