Part 162: Independent Cost Estimates

//Part 162: Independent Cost Estimates
Part 162: Independent Cost Estimates2022-08-21T03:59:54+00:00

Part 162: Independent Cost Estimates
(OUTPUT Project Procurement Management: Plan Procurement Management)

  • In a large procurement, we should estimate what the cost will be
  • We can perform the estimate ourselves or hire a third party
  • If our estimate is different from what the vendors propose, then the SOW may not have been clear