The Cost Estimating Process Explained in 5 Simple Steps

What is a “Cost Estimate” in project management and how do you develop a cost estimate? This video explains the Cost Estimating process in 5 simple steps. ---- https://youtu.be/RR-JJPyMDto This video is a sneak peek of the presentation on “Emerging Trends and their Impact on the Future of Cost Estimating”, presented by Larry Dysert, the Cost Estimating thought leader at the 𝟮𝟬𝟮𝟬𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝗖𝗼𝗻𝘁𝗿𝗼𝗹𝗦𝘂𝗺𝗺𝗶𝘁. To get access to the full presentation and other educational sessions of the Project Control Summit, please visit: https://projectcontrolsummit.com/presentations-and-panel-discussions/ Chapters 0:00 What is a Cost Estimate 0:42 What Is the Cost Estimating Process? 1:38 Step 1- Plan for Cost Estimating and Budgeting 2:24 Step 2- Quantify the Scope 2:50 Step 3- Price the Cost Estimate 3:00 Step 4- Develop Control Budgets 3:20 Step 5- Review, Validate, and Document the Cost Estimate