Project Cost Estimation
The Problem





Understanding "Whatís in the Cost"

Salaries and Associated Benefits, Materials, Payments to Subcontractors or Consultants, Project Related Travel

General Administrative Costs, Facility (Space, Utilities, Insurance), Marketing, Ongoing Research and Development

Note: Indirect Costs are Usually Allocated on Some Proportional Basis Each project a Business is Executing





The Process (Figuring Our What it Takes)





The Process - Estimating Each Task









The Process - Preparing The Schedule





The Process - Calculating the Cost





We Have a WBS, Schedule Cost - Now What..
A Final Look