FAQs
FAQs
A- The Project Cost Estimates will be of following class as per AACEI:
• Order of Magnitude Type
• Class 5 Cost Estimate
• A Bit More accurate than Class 5 Cost Estimate
A- The project Cost Estimate can be certainly used at the following stages of the Project in general:
• Management Decision making to select the Project(s) out of various types of Projects.
• At Option Analysis Stage
A- The general Accuracy range of the Project Cost Estimate will be as below:
• Order of Magnitude Type: (-) 50% to (+)100%
• Class 5 Cost Estimate Type: (-)40% to (+)60%
A- Yes, The Project Cost Estimate, thus developed through this Software, can be broken down easily under various WBS (Work Break Down Structures) to facilitate Cost Budget Phasing of the various phases of the Project.
A- Yes, The Financial Cost Phasing can be created if a level 1 or Level 2 schedule is available.
• Order of Magnitude type: In 1 second once you input one price information.
• Customized Cost Estimate: In about 60 seconds or less. Duration will depend upon the level of customization you need and the information that is available with you.
For Any Query!
For any query +1(587) 436-5701 & +1 (506) 886-9244 or contact through e-mail at info@architsestimating.com to clear user doubts.