Accurate and precise cost assumptions are critical to developing short-term and long-term budgets for planned projects. Budget planning assumptions help businesses create contract proposals that ...

A well-researched and planned cost estimation and budget is necessary for the successful completion of any project. Project managers need to thoroughly scope the project in order to secure sufficient ...

This publication addresses costs arising during individual phases of an environmental remediation project, how they can be calculated, and how they can be structured and documented. It provides the ...

Drilling costs can be estimated with a combination of established, analytic techniques. This article, concluding a three-part series, presents a general framework to estimate costs with a formalized ...

As the oil and gas industry explores new regions, the role of cost estimating to support the projects becomes more challenging. Cost estimating for the most part is a specialized field whose end ...

The estimating software development cost remains a complex problem, one that continues to attract a considerable amount of research attention. Improving the accuracy of the cost estimation models ...

The ability to consistently get accurate cost estimates for new products and parts is elusive. Cost estimates are inherently imprecise, and the underlying drivers can change daily based on the price ...

Artificial intelligence (AI) is revolutionising the construction industry by offering robust methodologies for cost estimation that enhance accuracy, efficiency and transparency in project planning.

As school districts nationwide plan for long-term maintenance and construction costs, they share a number of common concerns. Districts ask: • How much is a typical monthly maintenance bill, and what ...