Improving Conceptual Cost Estimating Performance.
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| Title: | Improving Conceptual Cost Estimating Performance. |
|---|---|
| Authors: | Serpell, Alfredo F.1 |
| Source: | AACE International Transactions. 2005, p13.1-13.6. 6p. |
| Subjects: | Methodology, Estimation theory, Instrumental variables (Statistics), Cost control, Value engineering, Business enterprises |
| Abstract: | The article presents information on a methodology to assess the expected accuracy and reliability of conceptual estimates. The project costs are forecasted by the conceptual cost estimating . The purpose of using conceptual cost estimating is offer a basis for important project decisions. The article also offers some problems that are associated to estimating functions. |
| Database: | Engineering Source |
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