PPT-Estimating Project Times and Costs

Chapter 5 Estimating Projects Estimating The process of forecasting or approximating the time and cost of completing project deliverables The task of balancing the expectations of stakeholders and the need for control while the project is. AccuCirc. and . Mogen. . Clamp. Karin . HAtzOld. , MD, MPH . Population Services International. Collin Mangenah, . CeSSHAR. Zimbabwe . Harsha Thirumurthy, UNC . 8. th. International AIDS Economics Network. 2. Where We Are Now. 5. –. 3. Estimating Projects . Estimating. The process of forecasting or approximating the time and cost of completing project deliverables.. The task of balancing expectations of stakeholders and need for control while the project is implemented.. Track C. Breakout Session #4. September 15, 2016. Michael Fulcher – Moderator. Senior Programming Specialist, VDOT Staunton District. . Preliminary Engineering . Scheduling & Estimating. Kelly Waldrop – VDOT, Hampton Roads District. Cost benefit analysis (CBA). 2. Cost benefit analysis (CBA). This relates to an individual project. You need to:. Identify all the costs which could be:. Development costs. Set-up. Operational costs. According to the . PMBOK. ®. Guide, . Project Cost Management knowledge area includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs to complete the project within the approved budget. 10 November . 2011. Visit our CBA Website for more information regarding locations, signing up, upcoming training sessions, and more. https://cpp.army.mil. AMERICA’S ARMY: THE STRENGTH OF THE NATION. Sir went to Iceland!. On the way to school this morning I called into Iceland . I bought 10 boxes of Strawberry and Vanilla ice cream cones and 10 boxes of Choc and Nut ice cream cones. Each box cost £1 and has 6 cones in it. Divide project into tasks.. Estimate resource requirements and create resource plan.. 1. Project Estimation. (Cont.). Determine standards and procedures.. Identify and assess risk.. Create budget.. 2. and Cost Estimating. 1. 2. Learning Objectives. Understand various cost concepts. Breakeven charts. Understand various cost estimation models. Be able to estimate engineering costs with various models. . and. . Costs. . of. 4D ATM . in High . Density. Terminal Areas. Gunnar Schwoch. DLR . Institute of Flight . Guidance. Braunschweig. , . Germany. ICNS 2012. 24. th. – 26. th. April 2012. www.DLR.de • Chart . Cost estimation is the process of estimating all of the costs associated with completing a project within scope and according to its timeline. . Typically, project managers will use high-level estimates in the earliest stages of project planning to determine whether or not a project is ultimately pursued. . Purpose of initiation phase. Comparing project options. Total cost of ownership. The project charter. The Initiation Phase. Business problem or opportunity defined. Solution is defined. Project is formed. Management. Importance. Estimating costs to compare and select. Methods of Estimating. Managing the Budget. Budget timeline. Budget . variances. Importance of budget planning. Cost is one of the three project constraints. 5. –. 3. Estimating Projects . Estimating. The process of forecasting or approximating the time and cost of completing project deliverables.. The task of balancing expectations of stakeholders and need for control while the project is...