Whole-Project Estimate Classes

Key Words: project cost management, estimate, estimate classes, accuracy, flags
Area of PM Application: EngCon
(See IAC #1001)
Topic Level: Process
(See IAC #1002)
Related Topics: Project planning, WBS
Reference: Wideman, R.M. Cost Control of Capital Projects, BiTech Publishers Ltd., 1995

Some companies use different classes of project estimate. How do they differ and how do you know?

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