Design Management

Using Cost Estimate Checklists to Ensure the Quality of the Estimated Capital Project Cost During the Engineering Design Phases

The Project Management Institute (PMI) Project Management Body of Knowledge (PMBOK®) defines cost estimate as the process of developing an approximation of the monetary resources needed to complete project activities. The key benefit of this process is that it determines the amount of cost required to complete project work. Cost Read more…

By PMWeb, ago

Project Definition Rating Index (PDRI) Scoring for Building Projects

The Project Definition Rating Index (PDRI) is a tool developed by the Construction Industry Institute (CII) to evaluate the quality of the project scope definition. It is a proven method to quantify the level of scope development during the project’s early design stages where a project can receive a PDRI Read more…

By PMWeb, ago