Oct 18, 2008 · Projects that successfully meet planned targets are those that often began with estimates that accurately reflected the reality involved in realizing the project. This paper examines a process …

Cost Management is a function which includes the processes that are required to maintain effective financial control of projects (evaluating, estimating, budgeting, monitoring, analyzing, forecasting and …

This question and answer column examines late and overbudget projects, range estimates, scope changes, and time spent on non-project work.

Project cost estimators have traditionally included in their calculations contingency amounts to cover the unexpected expenses resulting from uncertain risks. But such an approach does not always help …

Oct 12, 2009 · This paper examines the cost estimating techniques used for the Big Dig, as part of an effort to propose new best practices for estimating the costs involved in realizing mega-projects. In …

Oct 26, 2014 · Since at present the traditional cost estimation processes (Project Management Institute, 2012) do not take into consideration the dynamic nature of complexity, a model that incorporates …

Oct 21, 2011 · Monte Carolo simulation is a practical tool used in determining contingency and can facilitate more effective management of cost estimate uncertainties. This paper details the process …

Mini-Case Study: Cost Estimation at Global Green Books Publishing Global Green Books Publishing is continuing to produce customized eBooks as a key new product line for it as a successful printing …

Oct 22, 2012 · This can be reality if you use a structured estimation approach based on defined scope; use a supporting tool that carries that scope forward to the work planning and scheduling of the …

One of the project manager’s major concerns at a project’s inception is the reliability of the project’s estimates. Too often, these estimates are inaccurate because the estimators incorrectly used the …