Do you need customer support or technical assistance? Click here to submit a support ticket...

TOPIC: Basis of estimates vs Cost Estimates

Basis of estimates vs Cost Estimates 8 months 25 minutes ago #17510

  • Jessica Aweya
  • Jessica Aweya's Avatar Topic Author
  • Offline
  • Fresh Boarder
  • Fresh Boarder
  • Posts: 1
  • Thank you received: 0

What is the difference between the basis of estimates, cost estimates and duration of estimates?


Basis of estimates vs Cost Estimates 7 months 3 weeks ago #17579

  • Cynthia Lim Louis, PMP
  • Cynthia Lim Louis, PMP's Avatar
  • Offline
  • Moderator
  • Moderator
  • Posts: 84
  • Karma: 3
  • Thank you received: 17
Basis of estimates = how the cost is derived.
Cost estimates = the estimated cost that are included to complete an activity.
Duration estimates = the estimated time period required to complete an activity
Moderators: Yolanda MabutasScott GillardMary Kathrine PaduaCynthia Lim Louis, PMPTracy Shagnea, PMPPatrick Floris PhD PMPJoe PangJohn Paul BugarinAmy MartinezEmily Rivera, PMPLisa Sweeney PMPHarry ElstonMani Selvan

Training for Project Management Professional (PMP)®, PMI Agile Certified Practitioner (PMI-ACP)®, and Certified Associate in Project Management (CAPM)®

Boost Your PMP Exam Prep in Only Eight Hours! Join the Live PMP Coaching Class on January 18/19 for just $179. Click to learn more... OR Click to watch a free session...