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2. Cost estimate - Wikipedia

   en.wikipedia.org/wiki/Cost_estimate

   A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost ...

3. Construction estimating software - Wikipedia

   en.wikipedia.org/wiki/Construction_estimating...

   A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract. Some architects, engineers, construction managers, and others may also use cost estimating software to prepare cost estimates for purposes other than bidding such as budgeting ...

4. Basis of estimate - Wikipedia

   en.wikipedia.org/wiki/Basis_of_estimate

   A pivot table in BOEMax, a Basis of Estimate software package. To create a BOE companies, throughout the past few decades, have used spreadsheet programs and skilled cost analysts to enter thousands of lines of data and create complex algorithms to calculate the costs. These positions require a high level of skill to ensure accuracy and ...

5. Glossary of construction cost estimating - Wikipedia

   en.wikipedia.org/wiki/Glossary_of_construction...

   A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...

6. Techno-economic assessment - Wikipedia

   en.wikipedia.org/wiki/Techno-economic_assessment

   Techno-economic assessment or techno-economic analysis (abbreviated TEA) is a method of analyzing the economic performance of an industrial process, product, or service. . The methodology originates from earlier work on combining technical, economic and risk assessments for chemical production processes

7. Burndown chart - Wikipedia

   en.wikipedia.org/wiki/Burndown_chart

   After the first iteration of a project, the efficiency factor can be recalculated to allow more accurate estimates during the next iteration. Some templates automatically calculate the efficiency as a project progresses. This can be used to identify areas/phases where inaccurate estimates consistently occur. [4]

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9. Cost engineering - Wikipedia

   en.wikipedia.org/wiki/Cost_engineering

   One key objective of cost engineering is to arrive at accurate cost estimates and schedules, and to avoid cost overruns and schedule slips. Cost engineering goes beyond preparing cost estimates and schedules by helping manage resources and supporting assessment and decision-making.