TOPIC: Basis of estimates vs Cost Estimates

Basis of estimates vs Cost Estimates 6 years 11 months ago #17510

Jessica Aweya Topic Author Offline Fresh Boarder Posts: 1 Thank you received: 0	Hello, What is the difference between the basis of estimates, cost estimates and duration of estimates? Thanks Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable.
	Quick Reply Reply Quote

Basis of estimates vs Cost Estimates 6 years 11 months ago #17579

Cynthia Lim Louis, PMP
Offline
User is blocked
Posts: 84
Karma: 5
Thank you received: 21

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

The following user(s) said Thank You: Joann Sosa, Divya Singh

Quick Reply Reply Quote

Reply Topic

Page:
1

Moderators: Yolanda Mabutas, Markus Kopko, Mary Kathrine Padua, Professor Kevin Reilly, John Paul Bugarin, Anusha Jayaram, Harry Elston, Jean Kwanda, Neil Baghurst PMP, CSM, DFFS Black Belt, Elena Zelenevskaia, Erik Smith, Joseph Flanders, Pablo Andres Loayza

Forum

Project Management Professional (PMP)® Exam

PMP® Exam Discussion

Basis of estimates vs Cost Estimates