Cost Estimates - Key Concepts in Project Management

preview_player
Показать описание
This video describes the different types of Cost Estimates you will come across in the PMP Exam and in your Project Management Career.
1. Rough Order of Magnitude
2. Preliminary Estimate
3. Budget Estimate
4. Definitive Estimate
5. Final Estimate

#PMP #PMBOK #CAPM #ProjectManagement

  1. David McLachlan
Рекомендации по теме
Cost Estimates - 0:04:24

Cost Estimates - Key Concepts in Project Management

Project Estimating Techniques 0:05:02

Project Estimating Techniques - Key Concepts in Project Management from the PMBOK

How to Estimate 0:11:44

How to Estimate Project Costs: A Method for Cost Estimation

What are the 0:13:32

What are the Key Attributes and The 5 'Classes of cost estimates' (Lesson 5)

Cost Forecasting with 0:08:01

Cost Forecasting with the Estimate At Completion (EAC) | Project Management Key Concepts

Estimation | Types 0:07:47

Estimation | Types of Cost Estimates in Project Management | Building Estimation and Costing

Cost Estimating Methods 0:08:10

Cost Estimating Methods

How to understand 0:29:22

How to understand 'Construction cost estimates'? (as a dummy)

Profit calculator for 0:00:52

Profit calculator for Amazon | How to calculate profit on amazon seller #shorts #ecommerce

Introduction to cost 0:35:11

Introduction to cost estimation methods in construction | Estimating project costs

Cost Forecasting with 0:04:06

Cost Forecasting with the ETC, VAC and TCPI | Project Management Key Concepts

What are the 0:06:13

What are the Elements of Construction Cost Estimation?

How to develop 0:14:51

How to develop 'ROM Cost Estimates' Rough Order of Magnitude? (Lesson 18)

What is a 0:05:38

What is a Conceptual Estimate?

Earned Value Analysis 0:03:35

Earned Value Analysis - Key Concepts from the PMBOK Guide

SQTM '14: IT 0:49:57

SQTM '14: IT Project Cost Estimating

Introduction to Conceptual 0:04:44

Introduction to Conceptual Cost Estimating

07a Types of 0:11:04

07a Types of Cost Estimates

What are the 0:10:19

What are the 3 main Steps in Construction Cost Estimation ? (ep. 2)

How do you 0:00:20

How do you calculate your net profit margin?

How to learn 0:14:41

How to learn and differentiate terms related to cost estimating? V1

How To Prepare 0:13:17

How To Prepare Construction Cost Estimation Format In Excel For Projects

Cost Estimating 0:15:18

Cost Estimating

COST ESTIMATION CLASSIFICATION 0:05:58

COST ESTIMATION CLASSIFICATION FOR CHEMICAL PROCESS ENGINEERS

Комментарии
Автор

Hi David, thank you for the video, I have a question for the Rough Order of Magnitude (ROM) Estimate what is the standard for time estimation vs actual? kindly refer to your answer with research reference. thanks

sheem
Автор

In which phase is the definitive estimate used?

leolioness
Автор

The Final estimate part makes no sense. It can't be when work is about to proceed AND est cost when work is completed (Final EAC). Work as completed is never the same as the estimate or at least I've never seen it in anything other than a simple off the shelf item but then in that case the other ranges are somewhat meaningless.

kriskinealy