7/25/2019 Cost Estimation -- Level of Accuracy

1/4

Cost Estimate Classification Matrix for the Process Industries:-

-

Level of non-familiar technology in the project.

Complexity of the project.

Quality of reference cost estimating data.

Quality of assumptions used in preparing the estimate.

Experience and skill level of the estimator.

Estimating techniques employed.

Time and level of effort budgeted to prepare the estimate.

In addition to the degree of project definition, estimate accuracy is also subject to:-

Level of Accuracy.Friday, April 22, 2016 2:32 PM

Basic Page 1

7/25/2019 Cost Estimation -- Level of Accuracy

2/4

-

-

Basic Page 2

7/25/2019 Cost Estimation -- Level of Accuracy

3/4

-

-

Basic Page 3

7/25/2019 Cost Estimation -- Level of Accuracy

4/4

-

Basic Page 4