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    Cost Estimate A Complete Guide - 2020 Edition
    Cost Estimate A Complete Guide - 2020 Edition
    Cost Estimate A Complete Guide - 2020 Edition
    Ebook207 pages1 hour

    Cost Estimate A Complete Guide - 2020 Edition

    By Gerardus Blokdyk

    ()

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    About this ebook

    Property - did the study utilize cost estimates or actual cost records? Is the peer review document included with the cost estimate documentation? What is the best case cost estimate if it is necessary to incur the risk? What happens after final inspection/acceptance? Which risk margins have to be applied in construction and maintenance cost estimates?

    Defining, designing, creating, and implementing a process to solve a challenge or meet an objective is the most valuable role… In EVERY group, company, organization and department.

    Unless you are talking a one-time, single-use project, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

    This Self-Assessment empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Cost Estimate investments work better.

    This Cost Estimate All-Inclusive Self-Assessment enables You to be that person.

    All the tools you need to an in-depth Cost Estimate Self-Assessment. Featuring 897 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Cost Estimate improvements can be made.

    In using the questions you will be better able to:

    - diagnose Cost Estimate projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices

    - implement evidence-based best practice strategies aligned with overall goals

    - integrate recent advances in Cost Estimate and process design strategies into practice according to best practice guidelines

    Using a Self-Assessment tool known as the Cost Estimate Scorecard, you will develop a clear picture of which Cost Estimate areas need attention.

    Your purchase includes access details to the Cost Estimate self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next. You will receive the following contents with New and Updated specific criteria:

    - The latest quick edition of the book in PDF

    - The latest complete edition of the book in PDF, which criteria correspond to the criteria in...

    - The Self-Assessment Excel Dashboard

    - Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

    - In-depth and specific Cost Estimate Checklists

    - Project management checklists and templates to assist with implementation

    INCLUDES LIFETIME SELF ASSESSMENT UPDATES

    Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.

    LanguageEnglish
    Publisher5STARCooks
    Release dateJan 28, 2020
    ISBN9781867367338
    Cost Estimate A Complete Guide - 2020 Edition

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      Book preview

      Cost Estimate A Complete Guide - 2020 Edition - Gerardus Blokdyk

      Cost Estimate

      Complete Self-Assessment Guide

      The guidance in this Self-Assessment is based on Cost Estimate best practices and standards in business process architecture, design and quality management. The guidance is also based on the professional judgment of the individual collaborators listed in the Acknowledgments.

      Notice of rights

      You are licensed to use the Self-Assessment contents in your presentations and materials for internal use and customers without asking us - we are here to help.

      All rights reserved for the book itself: this book may not be reproduced or transmitted in any form by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher.

      The information in this book is distributed on an As Is basis without warranty. While every precaution has been taken in the preparation of he book, neither the author nor the publisher shall have any liability to any person or entity with respect to any loss or damage caused or alleged to be caused directly or indirectly by the instructions contained in this book or by the products described in it.

      Trademarks

      Many of the designations used by manufacturers and sellers to distinguish their products are claimed as trademarks. Where those designations appear in this book, and the publisher was aware of a trademark claim, the designations appear as requested by the owner of the trademark. All other product names and services identified throughout this book are used in editorial fashion only and for the benefit of such companies with no intention of infringement of the trademark. No such use, or the use of any trade name, is intended to convey endorsement or other affiliation with this book.

      Copyright © by The Art of Service

      http://theartofservice.com

      service@theartofservice.com

      About The Art of Service

      The Art of Service, Business Process Architects since 2000, is dedicated to helping stakeholders achieve excellence.

      Defining, designing, creating, and implementing a process to solve a stakeholders challenge or meet an objective is the most valuable role… In EVERY group, company, organization and department.

      Unless you’re talking a one-time, single-use project, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions.

      Someone capable of asking the right questions and step back and say, ‘What are we really trying to accomplish here? And is there a different way to look at it?’

      With The Art of Service’s Standard Requirements Self-Assessments, we empower people who can do just that — whether their title is marketer, entrepreneur, manager, salesperson, consultant, Business Process Manager, executive assistant, IT Manager, CIO etc... —they are the people who rule the future. They are people who watch the process as it happens, and ask the right questions to make the process work better.

      Contact us when you need any support with this Self-Assessment and any help with templates, blue-prints and examples of standard documents you might need:

      http://theartofservice.com

      service@theartofservice.com

      Included Resources - how to access

      Included with your purchase of the book is the Cost Estimate Self-Assessment Spreadsheet Dashboard which contains all questions and Self-Assessment areas and auto-generates insights, graphs, and project RACI planning - all with examples to get you started right away.

      How? Simply send an email to

      access@theartofservice.com

      with this books’ title in the subject to get the Cost Estimate Self Assessment Tool right away.

      You will receive the following contents with New and Updated specific criteria:

      •The latest quick edition of the book in PDF

      •The latest complete edition of the book in PDF, which criteria correspond to the criteria in...

      •The Self-Assessment Excel Dashboard, and...

      •Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

      •In-depth specific Checklists covering the topic

      •Project management checklists and templates to assist with implementation

      INCLUDES LIFETIME SELF ASSESSMENT UPDATES

      Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.

      Get it now- you will be glad you did - do it now, before you forget.

      Send an email to access@theartofservice.com with this books’ title in the subject to get the Cost Estimate Self Assessment Tool right away.

      Purpose of this Self-Assessment

      This Self-Assessment has been developed to improve understanding of the requirements and elements of Cost Estimate, based on best practices and standards in business process architecture, design and quality management.

      It is designed to allow for a rapid Self-Assessment to determine how closely existing management practices and procedures correspond to the elements of the Self-Assessment.

      The criteria of requirements and elements of Cost Estimate have been rephrased in the format of a Self-Assessment questionnaire, with a seven-criterion scoring system, as explained in this document.

      In this format, even with limited background knowledge of Cost Estimate, a manager can quickly review existing operations to determine how they measure up to the standards. This in turn can serve as the starting point of a ‘gap analysis’ to identify management tools or system elements that might usefully be implemented in the organization to help improve overall performance.

      How to use the Self-Assessment

      On the following pages are a series of questions to identify to what extent your Cost Estimate initiative is complete in comparison to the requirements set in standards.

      To facilitate answering the questions, there is a space in front of each question to enter a score on a scale of ‘1’ to ‘5’.

      1 Strongly Disagree

      2 Disagree

      3 Neutral

      4 Agree

      5 Strongly Agree

      Read the question and rate it with the following in front of mind:

      ‘In my belief,

      the answer to this question is clearly defined’.

      There are two ways in which you can choose to interpret this statement;

      1.how aware are you that the answer to the question is clearly defined

      2.for more in-depth analysis you can choose to gather evidence and confirm the answer to the question. This obviously will take more time, most Self-Assessment users opt for the first way to interpret the question and dig deeper later on based on the outcome of the overall Self-Assessment.

      A score of ‘1’ would mean that the answer is not clear at all, where a ‘5’ would mean the answer is crystal clear and defined. Leave emtpy when the question is not applicable or you don’t want to answer it, you can skip it without affecting your score. Write your score in the space provided.

      After you have responded to all the appropriate statements in each section, compute your average score for that section, using the formula provided, and round to the nearest tenth. Then transfer to the corresponding spoke in the Cost Estimate Scorecard on the second next page of the Self-Assessment.

      Your completed Cost Estimate Scorecard will give you a clear presentation of which Cost Estimate areas need attention.

      Cost Estimate

      Scorecard Example

      Example of how the finalized Scorecard can look like:

      Cost Estimate

      Scorecard

      Your Scores:

      BEGINNING OF THE

      SELF-ASSESSMENT:

      Table of Contents

      About The Art of Service7

      Included Resources - how to access7

      Purpose of this Self-Assessment9

      How to use the Self-Assessment10

      Cost Estimate

      Scorecard Example12

      Cost Estimate

      Scorecard13

      BEGINNING OF THE

      SELF-ASSESSMENT:14

      CRITERION #1: RECOGNIZE15

      CRITERION #2: DEFINE:25

      CRITERION #3: MEASURE:40

      CRITERION #4: ANALYZE:56

      CRITERION #5: IMPROVE:70

      CRITERION #6: CONTROL:85

      CRITERION #7: SUSTAIN:98

      Cost Estimate and Managing Projects, Criteria for Project Managers:120

      1.0 Initiating Process Group: Cost Estimate121

      1.1 Project Charter: Cost Estimate123

      1.2 Stakeholder Register: Cost Estimate125

      1.3 Stakeholder Analysis Matrix: Cost Estimate126

      2.0 Planning Process Group: Cost Estimate128

      2.1 Project Management Plan: Cost Estimate130

      2.2 Scope Management Plan: Cost Estimate132

      2.3 Requirements Management Plan: Cost Estimate134

      2.4 Requirements Documentation: Cost Estimate136

      2.5 Requirements Traceability Matrix: Cost Estimate138

      2.6 Project Scope Statement: Cost Estimate140

      2.7 Assumption and Constraint Log: Cost Estimate142

      2.8 Work Breakdown Structure: Cost Estimate144

      2.9 WBS Dictionary: Cost Estimate146

      2.10 Schedule Management Plan: Cost Estimate149

      2.11 Activity List: Cost Estimate151

      2.12 Activity Attributes: Cost Estimate153

      2.13 Milestone List: Cost Estimate155

      2.14 Network Diagram: Cost Estimate157

      2.15 Activity Resource Requirements: Cost Estimate159

      2.16 Resource Breakdown Structure: Cost Estimate161

      2.17 Activity Duration Estimates: Cost Estimate163

      2.18 Duration Estimating Worksheet: Cost Estimate165

      2.19 Project Schedule: Cost Estimate167

      2.20 Cost Management Plan: Cost Estimate169

      2.21 Activity

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