Transcription of Lessons Learned on Estimate Classifications - aacetoronto.ca
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Lessons Learned on Estimate Classifications - aacetoronto.ca
Lessons Learned on Estimate ClassificationsGord Zwaigenbaum, CCE, FAACEIAACE Toronto SectionOctober 10, 2012 MeetingOutline Project Life Cycle & Cost Uncertainty Estimate Classes & Accuracy Ranges AACEI Estimate classification Guides Nature of Process/ Mining estimates Some Challenges for Mining Projects Commonalities with Other Industries Lessons Learned Review (and Closure)2 Project Life Cycle & Estimating % Time% Project definition % Project Cost% Accuracy RangeInceptionCompletion3 Project Life Cycle & Estimating TimeCostCONCEPTCOMMISSIONINGENGINEERINGC ONSTRUCTION4 Project Life Cycle & Estimating TimeCostCONCEPTCLOSUREACQUISITIONOPERATI ON5 Project Life Cycle & Estimating6 Estimate Classes & Accuracy RangesDEFINITIVESCOPING STUDY40%20%10%15%0%80%5%40%15%0%ACCURACY RAN
Project Life Cycle & Estimating % Time % Project Definition % Project Cost % Accuracy Range. Inception. Completion. 3
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