Table of Content

1. Fundamentals of Project Cost Estimating

1.1. Common categories of cost

1.2. Roles of project cost estimates

1.3. Types of estimates

1.4. Areas of uncertainty affecting cost estimates

2. Projects

2.1. Definitions

2.2. Project and product life cycles

2.3. Requirements/needs assessment

2.4. The work breakdown structure (WBS)

3. The Estimating Process

3.1. Common categories of cost

3.2. Roles of project cost estimates

3.3. Areas of uncertainty affecting cost estimates

3.4. Types of costs throughout the lifecycle

3.5. The process

§ Rules and assumptions

§ Data collection

§ Select methodology

§ Estimate, check, review, and report

§ Accuracy and contingency

3.6. Process for methodologies:

§ Detailed

§ Parametric

§ Analogy

§ Activity based costing (ABC)