Cost Estimating Methods and Tools

• Process Development: Develop working-level processes for owner estimating in alignment with asset investment analysis and project scope development needs (i.e., strategic, feasibility, conceptual, control).
• Tools Assessment: Assess what tools (e.g., templates, software, etc.) would be the best fit for your asset base, project types, and estimating process.
• Model Building; Develop conceptual estimating models (parametric, assembly, etc.) for your assets and projects.
• Training: Improve results through customized training and workshops.

Historical Database Development

• Process Development: Develop owner database management processes in alignment with your data needs for investment decision making, cost estimating, validation, and so on.
• Data Needs and Tools Assessment: Assess what data and database tools (e.g., templates, software, etc.) would be the best fit for your asset base, project types, and processes.
• Code of Account Development: Structure a coding system that aligns with your overall cost engineering/project control process and system needs.
• Database and Report Configuration: Design database structure and report content outlines.
• Metrics Development: Develop a set of metrics that support your estimating, validation, and benchmarking needs.
• Training: Improve results through customized training and workshops.

Estimate Validation Methods and Tools

• Process Development: Develop a verification and validation review process that ensures that estimates both meet specifications and align with business requirements (i.e., estimates are competitive).
• Metrics Development: See "historical database" products.
• Training: Improve results through customized training and workshops.

Risk Analysis and Contingency Estimating

• Process Development: Develop a risk management process that address all the steps such as risk factor identification, mitigation, analysis, and quantification (e.g., contingency).
• Tools Development: Develop appropriate quantification methods such as models, decision trees, or Monte Carlo tools (which are usually improperly applied).
• Training: Improve results through customized training and workshops.

Planning and Scheduling and Cost/Schedule Control

• Process Development: Develop working-level processes that are aligned with the overall project control process.
• Work Breakdown Development: Develop work breakdown structures that are aligned with your assets and project processes.