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Cost Estimation

Cost Estimation
Author: Gregory K. Mislick
Publisher: John Wiley & Sons
Total Pages: 356
Release: 2015-05-04
Genre: Business & Economics
ISBN: 1118536134

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Presents an accessible approach to the cost estimation tools, concepts, and techniques needed to support analytical and cost decisions Written with an easy-to-understand approach, Cost Estimation: Methods and Tools provides comprehensive coverage of the quantitative techniques needed by professional cost estimators and for those wanting to learn about this vibrant career field. Featuring the underlying mathematical and analytical principles of cost estimation, the book focuses on the tools and methods used to predict the research and development, production, and operating and support costs for successful cost estimation in industrial, business, and manufacturing processes. The book begins with a detailed historical perspective and key terms of the cost estimating field in order to develop the necessary background prior to implementing the presented quantitative methods. The book proceeds to fundamental cost estimation methods utilized in the field of cost estimation, including working with inflation indices, regression analysis, learning curves, analogies, cost factors, and wrap rates. With a step-by-step introduction to the practicality of cost estimation and the available resources for obtaining relevant data, Cost Estimation: Methods and Tools also features: Various cost estimating tools, concepts, and techniques needed to support business decisions Multiple questions at the end of each chapter to help readers obtain a deeper understanding of the discussed methods and techniques An overview of the software used in cost estimation, as well as an introduction to the application of risk and uncertainty analysis A Foreword from Dr. Douglas A. Brook, a professor in the Graduate School of Business and Public Policy at the Naval Postgraduate School, who spent many years working in the Department of Defense acquisition environment Cost Estimation: Methods and Tools is an excellent reference for academics and practitioners in decision science, operations research, operations management, business, and systems and industrial engineering, as well as a useful guide in support of professional cost estimation training and certification courses for practitioners. The book is also appropriate for graduate-level courses in operations research, operations management, engineering economics, and manufacturing and/or production processes.


Budget Estimating Techniques

Budget Estimating Techniques
Author: United States Civil Service Commission. Bureau of Training. Management Sciences Training Center
Publisher:
Total Pages: 108
Release: 1976
Genre: Program budgeting
ISBN:

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Cost Estimating and Contract Pricing

Cost Estimating and Contract Pricing
Author: Gregory A. Garrett
Publisher: Wolters Kluwer
Total Pages: 306
Release: 2008-01-01
Genre: Law
ISBN: 0808018191

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The process of estimating the cost for the development and delivery of a product, service, or solution can range from simple to highly complex based upon multiple factors including: technology maturity, urgency, geographic location, quantity, quality, availability of resources, hardware and software, systems integration and more. This book provides a comprehensive discussion of cost estimating and contract pricing with extensive use of tools, techniques, and best practices from both the public and private sectors. Key topics of discussion include: Cost estimating methods Cost accounting standards Cost analysis Profit analysis Contract pricing arrangements Price analysis Total ownership cost Earned value management systems


Unit Price Estimating Methods

Unit Price Estimating Methods
Author: John H. Chiang
Publisher: John Wiley & Sons
Total Pages: 0
Release: 2007-05-22
Genre: Architecture
ISBN: 9780876290163

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This comprehensive reference explains everything you need to know about taking off and pricing detailed, unit price construction estimates. The book takes you through every step of the estimating process — from receipt of the plans, to detailed quantity takeoffs and pricing, to bidding strategies, and finally, cost control. Also includes electronic estimating forms you can access to download and customize from the book’s own website. Organized for quick reference, the book features: Estimating guidance for every segment of construction by CSI MasterFormat division — the most recognized industry standard for organizing construction projects and costs Checklists and forms to streamline the estimating process What to watch out for — common errors and omissions How to calculate and apply direct and indirect costs, including overhead and profit A complete, fully updated sample cost estimate An appendix with labor hours for common construction operations


Budget Estimating Techniques

Budget Estimating Techniques
Author: United States Civil Service Commission. Bureau of Training. Management Sciences Training Center
Publisher:
Total Pages: 92
Release: 1978
Genre: Program budgeting
ISBN:

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APM - AcostE Estimating Guide

APM - AcostE Estimating Guide
Author:
Publisher:
Total Pages: 57
Release: 2019-06
Genre: Costs, Industrial
ISBN: 9781903494844

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Cost Estimator's Reference Manual

Cost Estimator's Reference Manual
Author: Rodney D. Stewart
Publisher: John Wiley & Sons
Total Pages: 744
Release: 1995-04-03
Genre: Business & Economics
ISBN: 9780471305101

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In today's hypercompetitive global marketplace, accurate costestimating is crucial to bottom-line results. Nowhere is this moreevident than in the design and development of new products andservices. Among managing engineers responsible for developingrealistic cost estimates for new product designs, the number-onesource of information and guidance has been the Cost Estimator'sReference Manual. Comprehensive, authoritative, and practical, the Manual instructsreaders in the full range of cost estimating techniques andprocedures currently used in the fields of development, testing,manufacturing, production, construction, software, generalservices, government contracting, engineering services, scientificprojects, and proposal preparation. The authors clearly explain howto go about gathering the data essential to preparing a realisticestimate of costs and guide the reader step by step through eachprocedure. This new Second Edition incorporates a decade of progress in themethods, procedures, and strategies of cost estimating. All thematerial has been updated and five new chapters have been added toreflect the most recent information on such increasingly importanttopics as activity-based costing, software estimating,design-to-cost techniques, and cost implications of new concurrentengineering and systems engineering approaches to projects. Indispensable to virtually anyone whose work requires accurate costestimates, the Cost Estimator's Reference Manual will be especiallyvaluable to engineers, estimators, accountants, and contractors ofproducts, projects, processes, and services to both government andindustry. The essential ready-reference for the techniques, methods, andprocedures of cost estimating COST ESTIMATOR'S REFERENCE MANUAL Second Edition Indispensable for anyone who depends on accurate cost estimates forengineering projects, the Cost Estimator's Reference Manual guidesthe user through both the basic and more sophisticated aspects ofthe estimating process. Authoritative and comprehensive, the Manualseamlessly integrates the many functions--accounting, financial,statistical, and management--of modern cost estimating practice.Its broad coverage includes estimating procedures applied to suchareas as: * Production * Software * Development * General services * Testing * Government contracting * Manufacturing * Engineering * Proposal preparation * Scientific projects * Construction This updated and expanded Second Edition incorporates all the mostimportant recent developments in cost estimating, such asactivity-based costing, software estimating, design-to-costtechniques, computer-aided estimating tools, concurrentengineering, and life cycle costing. For engineers, estimators, accountants, planners, and others whoare involved in the cost aspects of projects, the Cost Estimator'sReference Manual is an invaluable information source that will payfor itself many times over.


Means Mechanical Estimating Methods: Takeoff & Pricing for HVAC & Plumbing, Updated 4th Edition

Means Mechanical Estimating Methods: Takeoff & Pricing for HVAC & Plumbing, Updated 4th Edition
Author: Melville Mossman
Publisher: John Wiley & Sons
Total Pages: 404
Release: 2007-08-23
Genre: Architecture
ISBN: 0876290179

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An easy-to-use tool for estimating heating, ventilating, and air conditioning systems, with up-to-date cost data and estimating examples. This all-in-one reference gives you the accepted standards and procedures for takeoff and pricing HVAC systems, as well as piping, plumbing, and fire protection. Includes all of the major mechanical systems in new building construction. The book will show you how to: Evaluate mechanical plans and specs so you can estimate all cost components Measure, quantify, and perform takeoffs for materials, labor, and equipment Identify and correctly apply direct and indirect costs, including overhead and profit Use forms to improve accuracy and efficiency – with electronic forms now available on the book’s own website Compare materials and methods and select the most cost-effective way to get the job done Train new estimators with clear instructions for estimating the mechanical trades Make the best use of RSMeans Mechanical Cost Data and RSMeans Plumbing Cost Data Organized for easy reference, the book gives you quick access to whatever aspect of mechanical estimating you need. It includes a glossary of mechanical terms and definitions – plus symbols used on mechanical plans, useful formulas, checklists, and conversion tables.


Practice Standard for Project Estimating - Second Edition

Practice Standard for Project Estimating - Second Edition
Author: Project Management Institute Project Management Institute
Publisher: Project Management Institute
Total Pages: 180
Release: 2020-04-24
Genre: Business & Economics
ISBN: 1628256435

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Project estimating plays a vital role in project management. Typically completed in the initial planning stages, accurate project estimation can be a difficult task. Organizations and project managers should use these initial estimates to baseline the project schedule and cost, then refine these estimates as the project develops. Accurate estimation and refinement of the estimates leads to better and earlier decision making, thus maximizing value.Developed within the framework of A Guide to the Project Management Body of Knowledge (PMBOK&® Guide) &– Sixth Edition and other PMI standards, the Practice Standard for Project Estimating &– Second Edition focuses on providing models for the project management profession in both plan-driven and change-driven adaptive (agile) life cycles. This practice standard describes the aspects of project estimating that are recognized as good practice on most projects most of the time and that are widely recognized and consistently applied.PMI practice standards describe processes, activities, constraints, inputs, and outputs for specific discipline subject areas and are targeted to all practitioners within projectized organizations, not just project managers.