This document discusses key aspects of developing reliable cost estimates, including:
1) It describes the importance of variance reports in analyzing new estimates against previously accepted estimates to identify significant changes.
2) It outlines several standard practices for developing high quality estimates, such as communicating standards upfront, taking thorough quantities, documenting costs and sources, and peer review.
3) It emphasizes adhering to standards flexibly to ensure estimates fit their purpose and can be reviewed and accepted in a timely manner. Maintaining these standards results in more accurate, defensible and reliable estimates.
This document discusses key aspects of developing reliable cost estimates, including:
1) It describes the importance of variance reports in analyzing new estimates against previously accepted estimates to identify significant changes.
2) It outlines several standard practices for developing high quality estimates, such as communicating standards upfront, taking thorough quantities, documenting costs and sources, and peer review.
3) It emphasizes adhering to standards flexibly to ensure estimates fit their purpose and can be reviewed and accepted in a timely manner. Maintaining these standards results in more accurate, defensible and reliable estimates.
This document discusses key aspects of developing reliable cost estimates, including:
1) It describes the importance of variance reports in analyzing new estimates against previously accepted estimates to identify significant changes.
2) It outlines several standard practices for developing high quality estimates, such as communicating standards upfront, taking thorough quantities, documenting costs and sources, and peer review.
3) It emphasizes adhering to standards flexibly to ensure estimates fit their purpose and can be reviewed and accepted in a timely manner. Maintaining these standards results in more accurate, defensible and reliable estimates.