Simple Cost Estimating Worksheet
Costs must be estimated for all resources that will be charged to the project. This includes, but is not limited to, labor, materials, supplies, and special categories such as an inflation allowance or cost reserve.
- Easy to use, just fill-in the blanks
- Flexible, add or delete content
- Illustrative example included
- Available – Instant download
Description
Cost estimates are quantitative assessments of the likely costs of the resources required to complete project activities. They are essential to development of budget allocations for specific project activities and the establishment of the cost baseline used to measure project performance.They may be presented in summary or in detail.
Cost estimates are generally expressed in units of currency (dollars, euros, yen, etc.) to facilitate comparisons both within and across projects. In some cases, the estimator may use units of measure to estimate cost, such as staff hours or staff days, along with their cost estimates to facilitate appropriate management control. Cost estimating generally includes considering appropriate risk response planning, such as contingency plans.
Additional information
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