cost estimation Engineer questions and answer to pass the job interview #Cost #Estimation #engineering
By this lecture you can Give a proper answer for the following terms:-
• escalation Costs
• Land and Property Costs
• Admin. Costs
• Indirect costs
• Direct costs
• 3- Point cost estimate
• Analogy cost estimating
• Anticipated Final Cost,
• Base cost estimate
• Base date
• Basis of Cost Estimate
• Benchmarking
• Bottom-up Cost Estimating
• Contingency
• Correlation
• Cost Breakdown Structure
• Cost Performance Index
• Expert Opinion
• FBC
• First Principles
• Material Critical Risk,
• Method of Moments
• MPRG
• OBC
• Opportunity
• Optimism Bias
• Output Based Simulation
• Out turn
• P Number
• Parametric Cost Estimating
• Monte Carlo Method,
• Risk
• Risk Management
• Risk Register
• SOC
• Scenario Based Modelling,
• Schedule
• Schedule of Works,
• Uncertainty
• Variable Range cost estimate.
• Work Breakdown Structure
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