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A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost estimator is the professional who prepares cost estimates. There are different types of cost estimators, whose title may be preceded by a modifier, such as building estimator, or electrical estimator, or chief estimator.
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 ...
A building estimator or cost estimator is an individual that quantifies the materials, labor, and equipment needed to complete a construction project. Building cost estimating can concern diverse forms of construction from residential properties to hi-rise and civil works.
A host of functions required for ECU software calibration, such as interface-dependent calibration methods, calibration data management, measurement data visualization and analysis, ECU programming, vehicle bus monitoring, as well as remote control through standard interfaces, are part of the product's functional complement.
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.
The development of an ECU involves both hardware and software required to perform the functions expected from that particular module. Automotive ECU's are being developed following the V-model. [ 1 ] Recently the trend is to dedicate a significant amount of time and effort to develop safe modules by following standards like ISO 26262 . [ 5 ]
In project management (e.g., for engineering), accurate estimates are the basis of sound project planning.Many processes have been developed to aid engineers in making accurate estimates, such as
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