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| Content: Summary |
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| Publication Date: July 2019 |
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There are different methods and techniques to achieve an accurate cost estimation however we know for a fact that cost estimation accuracy changes through the project lifecycle.
Cost estimators and analysts face many challenges that compromise the accuracy and quality of their estimates. Calculations are shown in the following table. 102000 34000 direct-labor hours 3 per hour. Price Quotations or Tenders and Estimated Cost Sheet 132 Problems and Solutions 133 Examination Questions 156 2. This is a stochastic variable as for a given. The project cost estimation is inherently not accurate.
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| Content: Solution |
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