Practical sheet | REF: FIC0923 V1

The analog method of cost estimation

Author: Jean-Pierre PAYRE

Publication date: August 10, 2022 | Lire en français

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3. Estimating analogy

3.1 Evaluating a size criterion

For each element of comparison, a criterion based on a notion of size should be established. Exclusively technical, this criterion depends on the estimation of the project manager or technical managers.

This provides an objective comparison coefficient with existing projects (the volume is X% greater than the previous project).

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3.2 Evaluate cost trends

Based on the size criterion, it is possible to assess the trend in cost associated with...

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Estimating analogy