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So You Think You're An Estimator

Larry R. Dysert

2005 AACE International Transactions, EST.01

AACE International, Morgantown, WV, 2005

This paper will focus on the issues and problems associated with rough order of magnitude estimating. How do you estimate when there is little information on which to base the estiamte?

While teaching at the University of Chicago, physicist Enrico Fermi had a reputation for asking his students, without any warning, seemingly impossible questions, such as "how many piano tuners are there in Chicago?"

We face similar estimating problems everyday in the world of projects. This paper discusses some of the techniques that can be used, as well as some of the problems faced in such situations.

Download/View PDF

Originally published by AACE International.

Reprinted with the permission of AACE International,

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Conquest Consulting Group

13215 SE Mill Plain Blvd, #C8-205

Vancouver, WA 98684-6991

Last Update: September 8, 2011

Conquest Consulting Group is the US Reseller for Cleopatra Enterprise

Cleopatra Enterprise is the ultimate estimating software for capital projects in the process industries


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