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Guidance for Cost Estimation and Management for Highway Projects During Planning, Programming, and Preconstruction (2007) / Chapter Skim
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Pages 19-21

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.


From page 19...
... And each phase has unique requirements for cost estimation practice and cost estimation management. Although there is overlap and redundancy in the information presented, the overlap and redundancy is necessary to meet the needs of state highway agency personnel involved in each of the project development phases.
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From page 20...
... Sections Content Guide for Project Phase • Cost estimation practice and cost estimation management flow chart for project phase • Relationship matrix between cost escalation factors and strategies for project phase Strategies (1 through 8) • Methods and tools for implementation to address cost escalation • Application of methods for relevant strategies • Tools to implement methods
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From page 21...
... . Summary A common framework is used in Chapters 5, 6, and 7 to describe cost estimation practice and cost estimation management methods.
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Key Terms

  • cost estimation
  • project development
  • state highway
  • highway agency
  • project complexity

  • cost estimates
  • highway agencies
  • cost estimate
  • estimation management
  • estimation practice

  • cost escalation
  • risk analysis
  • estimation process
  • escalation factors
  • cost estimating

  • management process
  • development phases
  • baseline estimate
  • project phase
  • specific project

  • estimation checklist
  • development phase
  • mation management
  • management methods
  • ect development

  • transportation improvement
  • project information
  • estimates prepared
  • agency personnel


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