Analogouse Estimate ---Estimating cost based on the project already done

Bottom up—Cost of Individual work packages and rolling over to higher level

Paramteric-scope cost budget duration—Average cost

Three point estimating—Risk—Best worst 4Most likely

Expert Judgement-Expert analysis

Data Analysis-Reserve, cost, alternative analysis, cost of quality

Project management information system—software system

Cost of labours material contigenci reserves and quality

Hospital wants to automate it’s working by implementing a management information system

Output of Cost Estimates

Cost Estimates

Basis of Estimates

Estimated cost

PMP

Resource management plan

Scope
2nd Project Documents

Agreement

Business Documents

Org Process Assets-Policies Procedures and Guideleine for cost management

Envioronmental Factor----Exchange rates for more than a year