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Principles, Process and Practice of Professional Number Juggling (Hardcover)
Loot Price: R2,218
Discovery Miles 22 180
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Principles, Process and Practice of Professional Number Juggling (Hardcover)
Series: Working Guides to Estimating & Forecasting
Expected to ship within 12 - 17 working days
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Principles, Process and Practice of Professional Number Juggling
(Volume 1 of the Working Guides to Estimating & Forecasting
series) sets the scene of TRACEability and good estimate practice
that is followed in the other volumes in this series of five
working guides. It clarifies the difference between an Estimating
Process, Procedure, Approach, Method and Technique. It expands on
these definitions of Approach (Top-down, Bottom-up and 'Ethereal')
and Method (Analogy, Parametric and 'Trusted Source') and discusses
how these form the basis of all other means of establishing an
estimate. This volume also underlines the importance of 'data
normalisation' in any estimating procedure, and demonstrates that
the Estimating by Analogy Method, in essence, is a simple extension
of Data Normalisation. The author looks at simple measures of
assessing the maturity or health of an estimate, and offers a means
of assessing a spreadsheet for any inherent risks or errors that
may be introduced by failing to follow good practice in spreadsheet
design and build. This book provides a taster of the more numerical
techniques covered in the remainder of the series by considering
how an estimator can potentially exploit Benford's Law
(traditionally used in Fraud Detection) to identify systematic bias
from third party contributors. It will be a valuable resource for
estimators, engineers, accountants, project risk specialists as
well as students of cost engineering.
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