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(OWN-1545) Owner Cost Estimate Reviews

Primary Author: Mr. Allen C. Hamilton CCP

Audience Focus: Basic
Application Type: Application
Venue: 2014 AACE International Annual Meeting, New Orleans, LA, USA

Abstract: A critical point in the progression of any project is the decision to commit significant resources and implement the project. Before proceeding for approval, project teams find it useful to have a third party review the cost estimate. The review is to ensure the technical basis; cost data and assumptions are consistent with expected project outcomes and identify any areas of concern. The paper will primarily address the appropriation estimate but other cost estimate reviews will be covered. The planning, interviews, reviews and report for the cost estimate review will also be discussed. The author will present his extensive experience and hands on work in the understanding of these activities.