Cover image for Project Estimating and Cost Management

Project Estimating and Cost Management

Author Parivs F. Rad
Release Date: 2001/10/01
ISBN: 9781567264548
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Book Description

Improve the accuracy of project estimates and make better in-progress modifications by following the discipline-independent approach mapped out in this book. Learn the best ways to apply new tools, including a breakdown structure for both work and resources and proven estimating models. In addition, you'll gain insights into best practices for progress monitoring and cost management, as well as for dealing effectively with external projects.

Table of Contents

  1. Preface
  2. Acknowledgments
  3. CHAPTER 1   Introduction
    1. Project Scope and Objectives
    2. Organizational Objectives
    3. Project Selection
  4. CHAPTER 2   Deliverable-Oriented Work Breakdown structure
    1. Work Breakdown Structure
    2. WBS Development Steps
    3. The Division Bases
    4. Case Example: WBS for an Industrial Complex
    5. Comparison of the Different Bases
    6. Process-Oriented Projects
    7. Organizational Priorities
    8. Semantics
    9. Changing the Paradigm
  5. CHAPTER 3   Resource Breakdown Structure
    1. Nomenclature, Dimensions, and Units
    2. Resource Breakdown Structure
    3. RBS Development
    4. The Primary Division Basis
    5. Lower-Level Division Bases with a Concentration on Human Resources
    6. Estimating the Costs
    7. Detailed Example
  6. CHAPTER 4   Estimating Models
    1. Accuracy
    2. Parametric Estimating
      1. Modular Estimating
      2. Parametric Model
    3. Analogous Estimating
      1. Ratio Estimating
      2. The Three-Quarters Rule
      3. The Square Root Rule
      4. The Two-Thirds Rule
    4. Range Estimating
    5. Expert Judgment
    6. Normalization
  7. CHAPTER 5   Progress Monitoring
    1. Developing a Monitoring Plan
    2. Elements of Monitoring
    3. Earned Value
    4. Productivity
  8. CHAPTER 6   Cost Management
    1. Causes of Change
    2. Feed-Forward Technique
    3. Impact of Schedule on Cost
    4. Lifecycle Costs
    5. Impact of Project Risk
  9. CHAPTER 7   External Projects
    1. Specifications
    2. Contracts
    3. Response to Specifications
    4. Bidding
    5. Project Costs
      1. Direct Costs
      2. Indirect Costs
      3. Overhead
      4. Allowance
      5. Contingency
    6. Project Audit
  10. Bibliography
  11. Index
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