In a previous paper, the author identified
and recommended solutions to specific hindrances in the development of
reliable cost estimates including estimator competency, effective
estimating tools, and a lack of reliable historical data. However, the
execution of a plan to attain the desired solutions in the corporate
world is fraught with obstacles. Experience by the author with owner and
engineering contractor firms has identified common roadblocks and
mitigation strategies to support the attainment of the solutions. This
paper will discuss these mitigation strategies including: developing an
identified vision and objectives based on the Total Cost Management
Framework, presenting and winning management approval, development of a
detailed plan, presentation to and obtaining support of middle and
senior management, and implementation. Topics will include understanding
senior management’s perspective, communicating the correct information
at the appropriate level of detail, setting realistic goals based on
business objectives, establishing a sense of urgency, short term wins,
and overcoming the challenges of implementation. These principles can be
applied in any development scenario.