Learning Objective 1 – Successful completion of this module prepares trainees to: Explain the cost estimating process.
- Identify the steps of the cost estimating process.
- Explain the relationships between estimated and actual cost.
- Describe the elements of cost control and cost reporting.
Learning Objective 2 – Successful completion of this module prepares trainees to: Describe how to perform a cost analysis and its related reporting mechanisms.
- Explain the cost analysis process.
- Under the supervision of the instructor, you should be able to do the following: 2.Perform a cost analysis for a simple project