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Article Cost Management, Estimating 1 May 2016

PM Network

Estimate, then repeat

By LeBard, Ed Imagine you discover your construction project has been using outdated pricing estimates. When the current figures come in, you realize that you've derailed your project and your relationship with…
Article Scheduling, Estimating, Cost Management March 2015

PM Network

Imposed deadline syndrome

By Heerkens, Gary Contributing editor Gary Heerkens encourages practitioners to learn to generate bottom-up schedule and cost estimates that deliver realistic goals to senior management, responsibilities that seem to…
Article Cost Management, Estimating, Technical Skills April 2012

PM Network

Estimating on the go

By Fretty, Peter Regardless of industry, cost overruns are a common concern for project managers. The evolution of estimating software is helping to address the problem. This article discusses recent trends…
Article Cost Management, Estimating July 2003

PM Network

Calculate with confidence

By Bauer, Natalie Cost-estimating software can be very useful, but is not the answer to all front-end problems. This article overviews some of the cost-estimating software products available on the market, and…
Article Scheduling, Cost Management, Estimating June 2003

Project Management Journal

Schedule and cost buffer sizing

By Leach, Lawrence P. Bias in project performance causes schedule and cost to overrun baseline estimates (your model).Bias is the one-sided tendency of actual schedule or cost to overrun the model.A Guide to the Project…
Article Cost Management, Estimating March 2003

Project Management Journal

Cost estimation overruns in the North Sea

By Emhjellen, Magne | Emhjellen, Kjetil | Osmundsen, Petter Recently, a Norwegian government report on the cost overruns North Sea projects was presented (NOU 1999:11). It concluded that there was a 25% increase in development costs from project sanction…
Article Cost Management, Estimating April 2001

PM Network

Estimating to minimize loss

By West, Ken Project managers need tools to improve their ability to make and communicate project estimates, while at the same time minimizing loss.Bayesian probability theory, and specifically its approach to…
Article Cost Management, Estimating March 2001

PM Network

Procurement online

By Halli, Wayne Roughly 50 percent of a typical construction project's costs are associated with purchased equipment and materials.Today's suppliers are quickly going online, and many independents have sprung up,…
Article Risk Management, Cost Management, Estimating September 2000

Project Management Journal

Modeling the cost of political risk in international construction projects

By Al-Tabtabai, Hashem M. | Alex, Alex P. This paper describes a neural network model that can provide assistance in predicting the additional increase in project cost, due to political risk source variables affecting a construction project…
Article Cost Management, Estimating September 2000

PM Network

You can't negotiate cost

By Durrenberger, Mark There is a common misunderstanding about the difference between price and cost that many businesspeople still harbor. Profit is the difference between cost and price, and in the process of arriving…

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Estimate, then repeat

Imposed deadline syndrome

Estimating on the go

Calculate with confidence

Schedule and cost buffer sizing

Cost estimation overruns in the North Sea

Estimating to minimize loss

Procurement online

Modeling the cost of political risk in international construction projects

You can't negotiate cost