Assistant Planning and Control Manager Interview Questions and Answers

Cost estimation involves analyzing project requirements, historical data, and market trends to create a budget and control costs effectively.

• Gather project requirements and scope to understand the work involved.

• Analyze historical data from similar projects to identify cost patterns.

• Consider market trends and inflation rates to adjust for future costs.

• Use cost estimation techniques such as bottom-up or parametric estimating.

• Create a detailed budget with line items for each asp...read more