PMP: Types of Cost Estimate

PMP: Types of Cost Estimate

There are 3 types of Cost Estimate:

1. Rough order of magnitude:

-25% to +75%

Done during Initiation phase

2. Budget estimate

-10% to + 25%

Done during Planning – Obtain funds and approval

3. Definitive estimate

-5% to + 10%

Done during Planning for proposals, bid evaluations, contract changes; Done during Design for final budgeting

THICHBLOG.NET

Cả một đời quá ngắn để chần chừ!

admin has 692 posts and counting.See all posts by admin

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.