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TOPIC: Basis of estimates vs Cost Estimates

Basis of estimates vs Cost Estimates 1 year 2 months ago #17510

  • Jessica Aweya
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Hello,

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

Thanks

Basis of estimates vs Cost Estimates 1 year 2 months ago #17579

  • Cynthia Lim Louis, PMP
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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
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