Estimating design costs for first-of-a-kind projects

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Description

Modern scientific facilities are often outcomes of projects that are first-of-a-kind, that is, minimal historical data are available for project costs and schedules. However, at Fermilab, there was an opportunity to execute two similar projects consecutively. In this paper, a comparative study of the design costs for these two projects is presented using earned value methodology. This study provides some insights into how to estimate the cost of a replicated project.

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4 pages

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Banerjee, Bakul & /Fermilab March 1, 2006.

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Description

Modern scientific facilities are often outcomes of projects that are first-of-a-kind, that is, minimal historical data are available for project costs and schedules. However, at Fermilab, there was an opportunity to execute two similar projects consecutively. In this paper, a comparative study of the design costs for these two projects is presented using earned value methodology. This study provides some insights into how to estimate the cost of a replicated project.

Physical Description

4 pages

Source

  • Presented at IEEE International Engineering Management Conference, Salvador, Brazil, 17-20 Sep 2006

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  • Report No.: FERMILAB-CONF-06-042
  • Grant Number: AC02-76CH03000
  • Office of Scientific & Technical Information Report Number: 879083
  • Archival Resource Key: ark:/67531/metadc873545

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  • March 1, 2006

Added to The UNT Digital Library

  • Sept. 21, 2016, 2:29 a.m.

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  • Dec. 9, 2016, 9:56 p.m.

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Banerjee, Bakul & /Fermilab. Estimating design costs for first-of-a-kind projects, article, March 1, 2006; Batavia, Illinois. (digital.library.unt.edu/ark:/67531/metadc873545/: accessed September 25, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.