answersLogoWhite

0

What else can I help you with?

Continue Learning about Engineering

How much does installation of wide plank flooring cost?

The cost of installing flooring can vary between installers, and depends on the amount needing to be installed. It is best to choose several reputable installers and get estimates from each company.


How much to knock out A wall and install a sliding glass door?

The cost to knock out a wall and install a sliding glass door varies. The cost is determined by the cost of materials, and the cost of labor. A professional can give an accurate estimate for the deconstruction and install.


Construction cost management?

Estimating Project CostsEstimating project cost means developing an estimate for the monetary resources needed to complete the project work; that is, activities. These estimates are based on the information available at a given time. The estimates in the beginning are less accurate; for example, their accuracy may be only as good as + or - 50 percent. For example, if you say the cost will be $50,000, it could be anywhere between $25,000 and $75,000. As the project moves along and more information becomes available, the cost estimates can be improved to get better estimates.Determining Project BudgetDetermining the project budget is the process of aggregating the cost estimates for all project activities and assigning a timeline to them. Cost aggregation is the technique used to calculate the cost of a whole by summing up the costs of the parts of which the whole is made. You can use the bottom-up estimation technique to aggregate the costs of all the components and activities to calculate the total cost of the project. The timeline assigned to this cost will be important to reconcile the expenditure with the funding limits. The reconciliation may require rescheduling some activities.Controlling cost means monitoring and controlling updates and changes to costs, budget, and the cost baseline of the project. Monitoring and controlling costs has two dimensions to it: expenditure of project funds and the work performed as a result of those expenditures. One major aspect of cost monitoring and controlling is to determine the relationship between the expenditures and the accomplishments. The cost performance depends on this relationship. The other main aspect is to control the changes to the approved cost performance baseline.Trivia:Like any other change, change in cost and budget must also be processed through the integrated change control process and should only be implemented after its approval.To be more specific, monitoring and controlling the project cost includes the following tasks:• Influence the factors that can create changes to the approved cost baseline.• Monitor the following:o Work performed against the funds expendedo Variance of cost performance from the approved baseline • Prevent unapproved changes from creeping into cost reports and expenditures.• Act to keep cost overruns within the planned acceptable limits.• Ensure the following:o Change requests are dealt with in a timely fashion and managed as they occur.o Expenditures do not exceed the approved budget by period or by total amount. Any change to the budget must be approved before implementation. • Communicate with the appropriate stakeholders about the cost associated with the approved changes.


Why is it important to handle micropipettes carefully?

It cost is very expensive


How much does it cost to fix a septic tank?

Depending on the kind of repairs needed, it may be cheap or costly to fix it. Call around and compare prices. Ask for free estimates, as many will do them to try to get your business.

Related Questions

Who estimates more accurate boys or girls?

maybe girls


Is estimates a noun or a verb?

The word estimates is both a noun (the plural form of an estimate) and a verb (estimate, estimates, estimating, estimated). Example uses: Noun: I have two estimates for repair of my car. Verb: When he estimates the cost of the door, be sure he includes the cost of painting.


Where can one find the cost for a breast augmentation?

Estimates of breast augmentation surgery can be obtained at some websites that disclose their prices. A face to face meeting with a surgeon would result in the best and most accurate estimate of what the procedure will cost.


How much does it cost to be sterilized?

The cost of sterilization procedures can vary depending on factors like the specific procedure, location, and healthcare provider. In the United States, the cost of sterilization can range from hundreds to thousands of dollars. It's advisable to check with your healthcare provider or insurance company for more accurate cost estimates.


What are the limitations of z-transform?

The main limitation is that the z-transform is appropriate only if the underlying data are normally distributed. It is also important that the estimates for the mean and variance are sufficiently accurate.


What is the average cost for a pool house?

The average cost for a pool house can vary significantly depending on size, materials, location, and design. However, a typical range might be between $20,000 to $150,000 or more. It is best to get estimates from local contractors to get a more accurate idea of the cost for your specific project.


How do you calculate how much it will cost to have drywall installed?

That's a waste of time . Call 2-3 drywallers and get them to give estimates. I always do that and get a faster, more accurate answer than I could ever come up with myself.


What is the cost of a missle?

Tomahawk missiles cost about $1.4 million each, according to the latest estimates.


What document lays out the specifications and assumptions to be used in preparing all estimates of a program's cost?

The document that lays out the specifications and assumptions to be used in preparing all estimates of a program's cost is known as the: Cost Analysis Requirements Description (CARD)


What is the cost of a hawk missle?

Tomahawk missiles cost about $1.4 million each, according to the latest estimates.


How can benchmark angles could be used to make accurate estimates of angle measures?

They can make accurate estimates by looking at an angle and understanding where about where others are. Example if you needed to guess where 40 degrees is you sketch a 90 angle and cut in half and that is 45 degrees so that is close.


Why do tarantulas have eight eyes?

What are the managerial implications from the revised cost estimates?