Download Cost Engineering Lecture Note PDF Free - Full Version
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About Cost Engineering Lecture Note
The document discusses three key cost estimating techniques used in construction projects: 1) Analogous estimating relies on historical cost data from similar past projects to provide quick estimates early in a project when information is limited. 2) Parametric estimating uses statistical models to calculate costs based on measurable project parameters, providing more detailed estimates than analogous techniques. 3) Bottom-up estimating involves estimating individual work package costs and aggregating them, allowing for the most detailed estimates but requiring the most effort. Understanding which techniques are best suited to different project stages is important for effective cost engineering.
Detailed Information
| Author: | ['Getachew Admasu'] |
|---|---|
| Publication Year: | 2023 |
| Pages: | 27 |
| Language: | English |
| Format: | |
| Price: | FREE |
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