Project Controls Institute: Estimation models - Engineering Consultant, Oil & Gas upstream

Topic: Estimation models - Engineering Consultant, Oil & Gas upstream

Estimation models - Engineering Consultant, Oil & Gas upstream #56

Nathan offline New Member Joined On: 22-06-2017 Posts: 4	Hello, I am working with Oil& Gas upstream engineering industry. I want know more about "Estimation models" in man-hour and cost estimation. Looking for such templates as this is mandatory requirement for CMMI level. Nathan
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Estimation models - Engineering Consultant, Oil & Gas upstream #63

James T
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Joined On: 09-06-2017
Posts: 9

Hi The Base for Estimation Models again comes to Detailed Rate Analysis that is one of the key sensitive and classified information across companies. You could check your company's past pricing models and also work out Detailed Rate Analysis for Individual Works 1. Manpower Estimate based on Base Production Rates Achievable 2. Material Estimate based on Raw Materials required to get the works 3. Equipments required to get the job done. Further Factor the outputs for Wastages, Contigency, Profits and Overheads. James

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