Whois & Analysis for etakeoff.com

A cost estimate is the approximation of the cost of a program, project, or operation.

The cost estimate is the product of the cost estimating process.

The cost estimate has a single total value and may have identifiable component values.

A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate.

A cost estimator is the professional who prepares cost estimates.

There are different types of cost estimators, whose title may be preceded by a modifier, such as building estimator, or electrical estimator, or chief estimator.

Other professionals such as quantity surveyors and cost engineers may also prepare cost estimates or contribute to cost estimates.

In the US, according to the Bureau of Labor Statistics, there were 185,400 cost estimators in 2010.

There are around 75,000 professional quantity surveyors working in the UK.

Construction is the process of constructing a building or infrastructure.

Construction differs from manufacturing in that manufacturing typically involves mass production of similar items without a designated purchaser, while construction typically takes place on location for a known client.

Construction as an industry comprises six to nine percent of the gross domestic product of developed countries.

Construction starts with planning, design, and financing; it continues until the project is built and ready for use.

In project management, a schedule is a listing of a project's milestones, activities, and deliverables, usually with intended start and finish dates.

Those items are often estimated by other information included in the project schedule of resource allocation, budget, task duration, and linkages of dependencies and scheduled events.

A schedule is commonly used in the project planning and project portfolio management parts of project management.

Elements on a schedule may be closely related to the work breakdown structure (WBS) terminal elements, the Statement of work, or a Contract Data Requirements List.

A budget is a financial plan for a defined period of time, usually a year.

It may also include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows.

Companies, governments, families and other organizations use it to express strategic plans of activities or events in measurable terms.