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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By LeBard, Ed Imagine you discover your construction project has been using outdated pricing estimates.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…
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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…
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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…
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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…
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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…
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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,…
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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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Article Scheduling, Cost Management, Estimating August 2000
PM Network
Negotiating realistic estimates
By Pitagorsky, George Negotiating realistic estimates is one of the project manager's most daunting tasks; this article provides several recommendations for dealing with tight deadlines and budgets. There is nothing…
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Article Cost Management, Estimating April 2000
PM Network
Wake up! we still do costing wrong
By Sigurdsen, Arild This article argues that overall unit cost is quantity-dependent and that fact should be factored into capital cost estimates.
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Article Cost Management, Estimating February 2000
PM Network
Using unders to offset overs
By Ruskin, Arnold M. Project managers often must make hard commitments to management or clients in the face of project uncertainties. One way to manage this uncertainty is to use unders in some areas to offset overs in…
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