Practice Standard for Project Estimating - Second Edition

Practice Standard for Project Estimating - Second Edition

Author: Project Management Institute

Publisher: Project Management Institute

Published: 2020-04-24

Total Pages: 231

ISBN-13: 1628256435

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Project estimating plays a vital role in project management. Typically completed in the initial planning stages, accurate project estimation can be a difficult task. Organizations and project managers should use these initial estimates to baseline the project schedule and cost, then refine these estimates as the project develops. Accurate estimation and refinement of the estimates leads to better and earlier decision making, thus maximizing value.Developed within the framework of A Guide to the Project Management Body of Knowledge (PMBOK&® Guide) &– Sixth Edition and other PMI standards, the Practice Standard for Project Estimating &– Second Edition focuses on providing models for the project management profession in both plan-driven and change-driven adaptive (agile) life cycles. This practice standard describes the aspects of project estimating that are recognized as good practice on most projects most of the time and that are widely recognized and consistently applied.PMI practice standards describe processes, activities, constraints, inputs, and outputs for specific discipline subject areas and are targeted to all practitioners within projectized organizations, not just project managers.


Cost Estimation

Cost Estimation

Author: Gregory K. Mislick

Publisher: John Wiley & Sons

Published: 2015-05-04

Total Pages: 356

ISBN-13: 1118536134

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Presents an accessible approach to the cost estimation tools, concepts, and techniques needed to support analytical and cost decisions Written with an easy-to-understand approach, Cost Estimation: Methods and Tools provides comprehensive coverage of the quantitative techniques needed by professional cost estimators and for those wanting to learn about this vibrant career field. Featuring the underlying mathematical and analytical principles of cost estimation, the book focuses on the tools and methods used to predict the research and development, production, and operating and support costs for successful cost estimation in industrial, business, and manufacturing processes. The book begins with a detailed historical perspective and key terms of the cost estimating field in order to develop the necessary background prior to implementing the presented quantitative methods. The book proceeds to fundamental cost estimation methods utilized in the field of cost estimation, including working with inflation indices, regression analysis, learning curves, analogies, cost factors, and wrap rates. With a step-by-step introduction to the practicality of cost estimation and the available resources for obtaining relevant data, Cost Estimation: Methods and Tools also features: Various cost estimating tools, concepts, and techniques needed to support business decisions Multiple questions at the end of each chapter to help readers obtain a deeper understanding of the discussed methods and techniques An overview of the software used in cost estimation, as well as an introduction to the application of risk and uncertainty analysis A Foreword from Dr. Douglas A. Brook, a professor in the Graduate School of Business and Public Policy at the Naval Postgraduate School, who spent many years working in the Department of Defense acquisition environment Cost Estimation: Methods and Tools is an excellent reference for academics and practitioners in decision science, operations research, operations management, business, and systems and industrial engineering, as well as a useful guide in support of professional cost estimation training and certification courses for practitioners. The book is also appropriate for graduate-level courses in operations research, operations management, engineering economics, and manufacturing and/or production processes.


Industrial Construction Estimating Manual

Industrial Construction Estimating Manual

Author: Kenneth Storm

Publisher: Gulf Professional Publishing

Published: 2020-05-27

Total Pages: 276

ISBN-13: 012823556X

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Industrial Construction Estimating Manual focuses on industrial process plants and enables the contractor, subcontractor, and engineer to use methods, models, procedures, formats, and technical data for developing industrial process plant construction estimates. The manual begins with an introduction devoted to labor, data collection, verification of data, coding, productivity measurement, the unit quantity model, and computer-aided cost estimating. It goes on to provide information on construction materials, database systems, work estimating, computer-aided estimating, detailed labor estimates, bid assurance, and detailed applications to construction. Practical examples based on historical data collected from past installations are also included as well as a detailed glossary, Excel and mathematical formulas, metric/standard conversions, area and volume formulas, and boiler man-hour tables. Industrial Construction Estimating Manual aids contractors, subcontractors, and engineers with a balance-detailed estimating method using the unit quantity model and is an excellent resource for those involved in engineering, technology, and construction estimating. - Provides a detailed estimating method using the unit-quantity model to prepare construction estimates - Delivers information on construction materials, databases, labor estimates, computer-aided estimating, bid assurance, and applications to construction. - Utilizes historical data, from a database of previous similar work, calculates material cost and labor by category, and produces both summary and detailed man-hour and cost estimates.


RSMeans Cost Data

RSMeans Cost Data

Author: RSMeans

Publisher: John Wiley & Sons

Published: 2012-02-21

Total Pages: 509

ISBN-13: 1118348443

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RSMeans Cost Data RSMeans Cost Data for Students RSMeans Cost Data, Student Edition provides a thorough introduction to cost estimating in a self-contained print and online package. With clear explanations and a hands-on, example-driven approach, it is the ideal reference for students and new professionals who need to learn how to perform cost estimating for building construction. Features include: Commercial and residential construction cost data in print and online formats Complete how-to guidance on the essentials of cost estimating A supplemental website with plans, specifications, problem sets, and a full sample estimate With more than 930 Location Factors in the United States and Canada, the data includes up-to-date system prices for more than 100 standard assemblies and in-place costs for thousands of alternates—making it easy to customize budget estimates and compare system costs. UNIT PRICES (organized in MasterFormatTM 2010) 1 General Requirements 2 Existing Conditions 3 Concrete 4 Masonry 5 Metals 6 Woods, Plastics & Composites 7 Thermal & Moisture Protection 8 Openings 9 Finishes 10 Specialties 11 Equipment 12 Furnishings 13 Special Construction 14 Conveying Equipment 21 Fire Suppression 22 Plumbing 23 Heating, Ventilating & Air Conditioning 26 Electrical 27 Communications 28 Electronic Safety & Security 31 Earthwork 32 Exterior Improvements 33 Utilities ASSEMBLIES A Substructure B Shell C Interiors D Services E Equipment & Furnishings F Special Construction G Building Site Work REFERENCE INFORMATION Equipment Rental Costs Crews Cost Indexes Reference Tables Square Foot Costs RSMeans is the leading source of cost data for construction in North America. Visit rsmeans.com to learn more.


Construction Cost Estimating

Construction Cost Estimating

Author: Len Holm

Publisher: Routledge

Published: 2021-04-07

Total Pages: 405

ISBN-13: 1000345130

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Construction Cost Estimating equips a new generation of students and early-career professionals with the skills they need to bid successfully on projects. From developing bid strategies to submitting a completed bid, this innovative textbook introduces the fundamentals of construction estimating through a real-life case study that unfolds across its 24 chapters. Exercises at the end of each chapter offer hands-on practice with core concepts such as quantity take-offs, pricing, and estimating for subcontractor work. Online resources provide instant access to examples of authentic construction documents, including complete, detailed direct work estimates, subcontractor work estimates, general conditions estimates, markups, and summary schedules. Through its unique mix of real-world examples and classroom-tested insights, Construction Cost Estimating ensures that readers are familiar with the entire estimating process even before setting foot on the jobsite.


The Book on Estimating Rehab Costs

The Book on Estimating Rehab Costs

Author: J. Scott

Publisher: Biggerpockets Publishing, LLC

Published: 2019-01-17

Total Pages: 195

ISBN-13: 9781947200128

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ENTIRELY REVISED AND UPDATED! Over 40,000 first edition copies sold. How much does it really cost to renovate your investment property? Learn detailed tips, tricks, and tactics to accurately budget nearly any house flipping project and investment property renovation from expert real estate investor and fix-and-flipper J Scott. Discover the tried-and-tested steps of his professional framework and methodology for precisely evaluating renovation costs in hundreds of his own successful rehab projects. Determine how to accurately estimate all the costs you are likely to face during renovation--and get all of your rehab questions answered in a single place! Whether you are preparing to walk through your very first rehab project or you're an experienced home flipper, this handbook will be your guide to identifying renovation projects, creating a scope of work, and staying on budget to ensure a timely profit! Inside, you will learn how to: -Inspect every aspect of a property to create your renovation scope -Decide which upgrade options provide the biggest bang for your buck -Identify the 150+ most common renovations you'll likely encounter -See big problems (like mold and termites!) and quickly fix them -Assign accurate prices to every rehab task to build a detailed budget -Determine which contractors are best for certain repairs or projects -Break down the top 25 basic components of a renovation -And so much more! You don't need to be a contractor to flip houses, but you do need to know the fundamentals of budgeting and pricing your renovation--including everything from cosmetic renovations to complex installations and upgrades. This book gives you the estimation tools needed to produce the income you desire on your first--or next--investment deal!


Occupancy Estimation and Modeling

Occupancy Estimation and Modeling

Author: Darryl I. MacKenzie

Publisher: Elsevier

Published: 2017-11-17

Total Pages: 668

ISBN-13: 0124072453

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Occupancy Estimation and Modeling: Inferring Patterns and Dynamics of Species Occurrence, Second Edition, provides a synthesis of model-based approaches for analyzing presence-absence data, allowing for imperfect detection. Beginning from the relatively simple case of estimating the proportion of area or sampling units occupied at the time of surveying, the authors describe a wide variety of extensions that have been developed since the early 2000s. This provides an improved insight about species and community ecology, including, detection heterogeneity; correlated detections; spatial autocorrelation; multiple states or classes of occupancy; changes in occupancy over time; species co-occurrence; community-level modeling, and more. Occupancy Estimation and Modeling: Inferring Patterns and Dynamics of Species Occurrence, Second Edition has been greatly expanded and detail is provided regarding the estimation methods and examples of their application are given. Important study design recommendations are also covered to give a well rounded view of modeling. - Provides authoritative insights into the latest in occupancy modeling - Examines the latest methods in analyzing detection/no detection data surveys - Addresses critical issues of imperfect detectability and its effects on species occurrence estimation - Discusses important study design considerations such as defining sample units, sample size determination and optimal effort allocation


Estimating Software Costs

Estimating Software Costs

Author: Capers Jones

Publisher: McGraw Hill Professional

Published: 2007-05-10

Total Pages: 673

ISBN-13: 0071776796

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Deliver bug-free software projects on schedule and within budget Get a clear, complete understanding of how to estimate software costs, schedules, and quality using the real-world information contained in this comprehensive volume. Find out how to choose the correct hardware and software tools, develop an appraisal strategy, deploy tests and prototypes, and produce accurate software cost estimates. Plus, you'll get full coverage of cutting-edge estimating approaches using Java, object-oriented methods, and reusable components. Plan for and execute project-, phase-, and activity-level cost estimations Estimate regression, component, integration, and stress tests Compensate for inaccuracies in data collection, calculation, and analysis Assess software deliverables and data complexity Test design principles and operational characteristics using software prototyping Handle configuration change, research, quality control, and documentation costs "Capers Jones' work offers a unique contribution to the understanding of the economics of software production. It provides deep insights into why our advances in computing are not matched with corresponding improvements in the software that drives it. This book is absolutely required reading for an understanding of the limitations of our technological advances." --Paul A. Strassmann, former CIO of Xerox, the Department of Defense, and NASA


To Err Is Human

To Err Is Human

Author: Institute of Medicine

Publisher: National Academies Press

Published: 2000-03-01

Total Pages: 312

ISBN-13: 0309068371

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Experts estimate that as many as 98,000 people die in any given year from medical errors that occur in hospitals. That's more than die from motor vehicle accidents, breast cancer, or AIDSâ€"three causes that receive far more public attention. Indeed, more people die annually from medication errors than from workplace injuries. Add the financial cost to the human tragedy, and medical error easily rises to the top ranks of urgent, widespread public problems. To Err Is Human breaks the silence that has surrounded medical errors and their consequenceâ€"but not by pointing fingers at caring health care professionals who make honest mistakes. After all, to err is human. Instead, this book sets forth a national agendaâ€"with state and local implicationsâ€"for reducing medical errors and improving patient safety through the design of a safer health system. This volume reveals the often startling statistics of medical error and the disparity between the incidence of error and public perception of it, given many patients' expectations that the medical profession always performs perfectly. A careful examination is made of how the surrounding forces of legislation, regulation, and market activity influence the quality of care provided by health care organizations and then looks at their handling of medical mistakes. Using a detailed case study, the book reviews the current understanding of why these mistakes happen. A key theme is that legitimate liability concerns discourage reporting of errorsâ€"which begs the question, "How can we learn from our mistakes?" Balancing regulatory versus market-based initiatives and public versus private efforts, the Institute of Medicine presents wide-ranging recommendations for improving patient safety, in the areas of leadership, improved data collection and analysis, and development of effective systems at the level of direct patient care. To Err Is Human asserts that the problem is not bad people in health careâ€"it is that good people are working in bad systems that need to be made safer. Comprehensive and straightforward, this book offers a clear prescription for raising the level of patient safety in American health care. It also explains how patients themselves can influence the quality of care that they receive once they check into the hospital. This book will be vitally important to federal, state, and local health policy makers and regulators, health professional licensing officials, hospital administrators, medical educators and students, health caregivers, health journalists, patient advocatesâ€"as well as patients themselves. First in a series of publications from the Quality of Health Care in America, a project initiated by the Institute of Medicine