One of the first tasks when managing a project is the cost estimate. A cost estimate must be accurate, transparent and reliable. These factors are particularly important for a small business because ...

Cost estimation, a pivotal component in project management and production planning, has increasingly harnessed the power of machine learning techniques to augment accuracy and efficiency. By ...

As a brief reminder, parametric cost estimating is a technique in which an algorithm (or curve) is used to rapidly calculate costs based on historical data and project parameters (cost drivers such as ...

A well-researched and planned cost estimation and budget is necessary for the successful completion of any project. Project managers need to thoroughly scope the project in order to secure sufficient ...

The estimating software development cost remains a complex problem, one that continues to attract a considerable amount of research attention. Improving the accuracy of the cost estimation models ...

Drilling costs can be estimated with a combination of established, analytic techniques. This article, concluding a three-part series, presents a general framework to estimate costs with a formalized ...

Over the past several decades, various methods have been proposed to evaluate drilling costs and complexity, but because of the large number of factors and events that affect drilling performance, ...