Project deliveries are the highest priorities for any organization, as they bring means to carry on with business. Due to the very dynamic nature of projects in general and tight execution schedules in particular, estimating process and procedures development and improvement remains a second priority for most corporations. In project management arena most companies have developed a project/program management office (PMO), the documentation that defines the road map for projects from initiation to completion.

 Design Procedures 

 Optimize Process 

 Increase Resource Efficiency  

Clear guidelines are a must for cost estimating and project controls. New hires and existing estimators often look to process and procedures, step by step guides on how to compile estimates, where to find available tools, how to use required tools, and the sequencing required at each stage of the project for each class of the estimate. When the guidelines are not available, employees seek time from their supervisors to lead the way, which then becomes an ongoing battle for departments. Golden Ratio Estimating design and develops custom process, procedures, coding structures dictionaries, and guidelines; so your estimating and project controls groups can run as efficiently and effectively as possible. We also assist with process and procedures implementation.

COMMON PROCESS AND PROCEDURES FOR COST ESTIMATION AND PROJECT CONTROLS

Φ    Estimating and Project Controls Guideline
Φ  Estimating Process Flow
Φ    
Estimate Kick-Off
Φ    
Estimate Preparation Plan (EPP)
Φ    
Estimate Preparation Schedule (EPS)
Φ    
Estimate Basis Memorandum (EBM)
Φ    
Estimate Input Checklist (EIC)
Φ    
Significance of Project Execution Plan (PEP), Construction Execution Plan (CEP), and Procurement Plan

 

Φ    Project Direct Cost
Φ    Project Indirect Cost
Φ    
Home Office and Owner’s Cost
Φ    
Wage Rate Development
Φ    
Allowances Development
Φ    
Contingency Development
Φ    
Productivity and Location Factors Development
Φ  Material Take Off (MTO) or Bill of Quantity (BOQ) Reviews and Validation

Φ     Project Risk Analysis (matrix, register and mitigation)
Φ     
WBS, CBS, PCS Dictionary Development
Φ     
Estimate Format for Quantity and Cost Tracking
Φ     Basis of Estimate (BOE)
Φ     
PMT (Project Management Team) Review Package
Φ     
Executive Management Review Package
Φ     
Estimate Sign-Off
Φ  MOC (Management of Change) Including Project Trend Logs