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A cost estimate is often used to establish a budget as the cost constraint for a project or operation. In project management, project cost management is a major functional division. Cost estimating is one of three activities performed in project cost management. [3] In cost engineering, cost estimation is a basic activity. A cost engineering ...
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For each area, certification is available at three levels typified as Level I Basic or Entry (GS5-9), Level II Intermediate or Journeyman (GS 9-12), and Level III Advanced or Senior (GS 13 and above): Auditing; Business Cost Estimating and Financial Management (no longer use) Business Cost Estimating (as of 2010)
In March 2013, the U.S. Department of Defense approved the certification as a baseline certification accepted for Information Assurance Technical Level III, IS Manager Level II and IA Systems Architect and Engineer Levels I and II. [20] The name of CASP+ is being changed to SecurityX upon the release of exam version CAS-005 in December of 2024.
Cost engineering is "the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis". [1] "Cost Engineers budget, plan and monitor investment projects. They seek the optimum balance between cost, quality and time requirements." [2]
Basis of estimate (BOE) is a tool used in the field of project management by which members of the project team, usually estimators, project managers, or cost analysts, calculate the total cost of the project.
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 ...
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