Once upon a time, I was searching for some solid guidelines on cost estimation to improve the way my contract was doing it.
I found a few great resources, and one of them was the US GAO Cost Estimating and Assessment Guide. It contains a wealth of knowledge and guidelines for major government projects, and also a lot of lessons that non-government and small projects can use.
Here is a link to the guide, and a video below where I introduce it for you.
I record in HD so you can watch the HD version and read everything clearly on my screen (hit the full-screen button in the lower-right)
|
Click the maximize button to watch in full screen HD |
No related posts.
{ 6 comments… read them below or add one }
Are you aware the GAO is working on an ADDENDUM to reflect scheduling best practices?
I didn't know that Paul….so do they have a draft out yet?
hey Josh –
This is really quite a resource ! i've only skimmed it just yet, but I think that even for the very small projects that make up 60 % of my time (20K or less), I believe there are some very handy references here. Thanks a lot !
You're welcome Wim, glad you find it useful!
hey…..
hw can calculate the estimated cost completion for a project
and also hw can i update overall budget???
It’s a matter of adding up the smaller more detailed estimates. With a proper Work Breakdown Structure you will estimate effort and cost at the lower elements and sum them up for a total cost estimate, adding reserve for contingency and the overall budget.