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Cost Engineering Health Check - How Good are Those Numbers? (Hardcover)
Loot Price: R1,921
Discovery Miles 19 210
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Cost Engineering Health Check - How Good are Those Numbers? (Hardcover)
Expected to ship within 12 - 17 working days
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High quality cost estimating gives a business leader confidence to
make rational financial decisions. Whether you are a business
leader or a cost estimating manager, you have a vested interest in
understanding whether you can depend on your organisation's ability
to generate accurate cost forecasts and estimates. But how can
business leaders have confidence that the cost information that
they are being provided with is of high quality? How can a cost
estimating manager be sure that their team is providing high
quality cost information? QinetiQ's Cost Engineering Health Check
is used as a capability benchmarking tool to identify improvement
opportunities within their clients' cost estimating capability,
enabling them to focus on areas that have the potential to increase
their competitiveness. High quality estimating leads to accurate
budgets, a reduced potential for cost growth, accurate evaluation
of risk exposure, and the opportunity to implement effective earned
value management (EVM). The Cost Engineering Health Check employs a
standardised competency framework that considers all aspects of
cost estimating capability, and provides an objective assessment
against both best practice and the industry standard. This
framework is based on QinetiQ's long established, tried and tested,
Knowledge Based Estimating (KBE) philosophy comprising Data, Tools,
People and Process, with additional consideration given to cultural
and stakeholder assessments.
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