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One cost estimation method can be used in combination with another method.?
Wiki User
∙ 7y ago
Yes. True
Lorenza Eichmann
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What is the different between estimation and budget?
estimation is how much you think it would costs and budget is how much you decide it will cost after several estimations. budget is how much you can spend.
Suggest you a software where you can do cost estimation budgeting and planning?
I found a wonderful software to do cost estimation, budgeting in direct and indirect, resource management and easy way to sheduling the tasks. The name of the software is ProBID+ 2009. Link is as below. http://www.aeclogic.com/ProBID.aspx I hope this sofware is very useful to you also. All the best.
Who invented a new method of producing low-cost steel?
Henry Bessemer
What is the software engineering problem?
Lines of code and function points were described as measures from which productivity metrics can be computed. LOC and FP data are used in two ways during software project estimation: (1) as an estimation variable to "size" each element of the software and (2) as baseline metrics collected from past projects and used in conjunction with estimation variables to develop cost and effort projections.
What is the most cost effective method to remove Bituminous waterproofing from a concrete shear wall?
Regional prices can vary, but scraping and waterblasting are typically the most cost-effective means of removal.
Can one cost estimation method can be used in combination with another method?
Yes. True
Can one cost estimation method be used in combination with another method?
Yes. True
Software Estimation Method - Comparison?
estimation is all about Size and scope Effort Time Schedule and Cost. for a s/w development process. Satyajit Kumar Sethy(Wipro Technology)
Difference between pre-feasibility and feasibility?
The most difference is on cost estimation. In PreFS, cost estimation is based on assumptions while cost estimation in FS is normally based on vendors' offers/proposals, at least for expensive price equipment/materials.
What is a estimation?
an estimation is an educated guess as to the cost of a certain procedure or product.
Why cost estimation is important for project management?
Cost estimation is important because each project has the risk of added costs that weren't consider up front throwing the project into a state where you may not have the budget required to continue working on the project. The cost estimation should include the initial assessment plus % available for added costs.
Full form of cocomo?
COCOMO constructive cost estimation model
What is the difference between estimation and costing?
1,estimation is finding the cost before it has been actually manufactured. and costing is finding cost after manufacturing the product including the defect product cost. 2,estimation need high technical skills and knowledge hence its done by engineering department but costing need high accounting skills hence its usually done by Accountants or account departments 3,estimation foresee the probable cost and hence it can be used to decide whether one need to produce a particular product or not. or if its profitable or not costing helps to understand to what extent the estimation holds good also when and where it fails
What is the different between estimation and budget?
estimation is how much you think it would costs and budget is how much you decide it will cost after several estimations. budget is how much you can spend.
What is High-low method of variable cost and fixed cost?
High and low method is the method for separating fixed cost and variable cost from mixed cost.
Define estimation and explain its method?
ADD NYO KO SA FRIENDSTER AND YM panes_cheska@yahoo.com # to form an opinion or judgment about # to judge or determine generally but carefully (size, value, cost, requirements, etc.); calculate approximately
What is pre contract cost planning?
It is a pre-costing method of a project and which will be able to tell the cost of construction after completion the design and also before its execution. Pre-estimation of a design proposal will give clear picture about the cost of it's to the employer as well as to the design team to make decisions regarding the project to ensure value for money.
