Projects need to achieve strategic goals and to that end must work in different levels of uncertainty. Engineers must be aware of methods to operate in ambiguous situations. Project promoters, project managers and consultants should understand the formative stages of each project and the risk and value decisions that have to be made. This book offers one of the first integrated approaches to these three topics based on the views of experts in these disciplines.

Estimates can be prepared at any stage during a project but in order to make use of an estimate it is important to consider its purpose, the stage of the project when it was prepared and the degree of risk in the project. To have any meaning, the purpose of any estimate must be linked to the stages of the project and to the data available. Project cost estimating offers practical advice and further information on the understanding, the preparation and the use of estimates in the civil engineering industry