Pricing And Estimating

14.0 Introduction 511

14.1 Global Pricing Strategies 512

14.2 Types of Estimates 513

14.3 Pricing Process 516

14.4 Organizational Input Requirements 519

14.5 Labor Distributions 520

14.6 Overhead Rates 524

14.7 Materials/Support Costs 526

14.8 Pricing Out the Work 529

14.9 Smoothing Out Department Man-Hours 530

14.10 The Pricing Review Procedure 532

14.11 Systems Pricing 534

14.12 Developing the Supporting/Backup Costs 535

14.13 The Low-Bidder Dilemma 539

14.14 Special Problems 539

14.15 Estimating Pitfalls 540

14.16 Estimating High-Risk Projects 541

14.17 Project Risks 542

14.18 The Disaster of Applying the 10 Percent Solution to Project Estimates 546

14.19 Life-Cycle Costing (LCC) 548

14.20 Logistics Support 553

14.21 Economic Project Selection Criteria: Capital Budgeting 554

14.22 Payback Period 554

14.23 The Time Value of Money 555

14.24 Net Present Value (NPV) 556

14.25 Internal Rate of Return (IRR) 557

14.26 Comparing IRR, NPV, and Payback 558

14.27 Risk Analysis 558

14.28 Capital Rationing 559

Problems 560

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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