Senior Cost and Planning Engineer Interview Questions and Answers

Cost is measured and forecasted by analyzing historical data, current expenses, market trends, and project scope.

• Analyze historical cost data to identify trends and patterns

• Consider current expenses and adjust for inflation or market changes

• Evaluate the project scope and requirements to estimate future costs accurately

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

• Regularly review and update cost forecasts based on actual expenditures and any changes...read more