Checklist for Project Estimation

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PRE-ESTIMATE CHECKLIST Things to Consider Before Preparing a Cost Estimate for Your Project

STEP 1: KNOW THE PROJECT Undeestanding the project and the client’s expectation and objectives to get started with estimation

STEP 2: CREATE A PROJECT BUDGET A clear and well-defined budget for a realistic estimate acceptable to the client.

STEP 3: HAVE A PROJECT PLAN IN PLACE Project plan and cost estimates have to work in tandem because both depend greatly on each other.

STEP 4: UNDERSTAND WHY YOU ARE ESTIMATING

Understand the objectives of project estimation keeps you on the right track and saves your time.

STEP #5: KNOW THE KIND OF ESTIMATE NEEDED Realigning cost estimates through the project phases ensures that you are on the same page with the client.

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