Tag Archives: Indirect Cost

How to develop good cost estimates?

The question that we address today is how to develop good cost estimates? We will present our views via four videos on cost estimating, that would address topics like, what are the components of a good estimate, what is the difference between estimating techniques and estimate classifications, and how to estimate contingency reserve. In addition, we will also highlight the relationship between scope definition, uncertainty, contingency, and estimate accuracy. One more statement/question here, do you realize that if the project manager is developing the cost estimate, that could be a conflict of interest?

You can probably claim 2 PDU for this article if you watch all of the videos. Assuming, you need PDUs.

Interested? Read more Continue reading

How to budget for project risk management? Part 3

This is the third article of a 3-part series on the money aspects for project risk management, including a discussion on estimating, budgeting, contingency and management reserve. In this article we discuss the response cost.

Continue reading

How to budget for project risk management? Part 2

This is the second article of a 3-part series on the money aspects for project risk management, including a discussion on estimating, budgeting, contingency and management reserve. In this article we discuss the management cost.

Continue reading

Cost for Project Risk Management

How to budget for project risk management? Part 1

In this article we start a 3-part series on the money aspects for project risk management, including a discussion on estimating, budgeting, contingency and management reserve.

Continue reading