Cost Estimation Toolkit

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Support the Industrial Engineering team with duties that utilize up to date tools and techniques in the areas of time standards, line balancing, Cost Estimation, manpower planning, productivity, and Continuous Improvement.

More Uses of the Cost Estimation Toolkit:

  • Develop and maintain a vendor and price data base for use in Cost Estimation.

  • Organize: project Cost Estimation and tracking.

  • Cost Estimation, schedule, and Risk Analysis.

  • Assure your organization participates/lead Technical Solution design and Cost Estimation of IT Projects.

  • Be accountable for producing reliable Cost Estimation information output metrics benchmarked to the market and your peers.

  • Take part in engineering research tasks, Data Collection, Data Analysis, calculations, Code Analysis, design, Cost Estimation, and economic analysis.

  • Establish a knowledge center in Trend Analysis, Cost Estimation, and Financial Planning.

  • Ensure you cultivate; build and evaluate Financial Models for Cost Estimation, Cash Flow and Cost Reduction.

  • Lead and/or lead detailed technical WBS definition, Cost Estimation, risk estimation, and technical schedule creation.

  • Be accountable for working a knowledge center in organization testing, test Cost Estimation, and order of operation.

  • Cost Estimation, prepare Business Cases for solutions, considering licenses, development and support.

  • Cost Estimation and analysis.

  • Manage work with organization program areas by applying a broad range of skilled knowledge and capabilities in economics, finance, budgets, Cost Estimation, and research to solve organization problems.

  • Identify: Project Planning, scheduling, and Cost Estimation.

  • Manage colleagues to solve your organizations problems in the areas of economics, finance, budgets, Cost Estimation, and research.

  • Perform Cost Estimation and/or analysis using a variety of techniques.


Save time, empower your teams and effectively upgrade your processes with access to this practical Cost Estimation Toolkit and guide. Address common challenges with best-practice templates, step-by-step Work Plans and maturity diagnostics for any Cost Estimation related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Cost Estimation specific requirements:

STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Cost Estimation Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a Data Driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 999 new and updated case-based questions, organized into seven core areas of Process Design, this Self-Assessment will help you identify areas in which Cost Estimation improvements can be made.

Examples; 10 of the 999 standard requirements:

  1. Who controls the risk?

  2. How do you know that any Cost Estimation analysis is complete and comprehensive?

  3. Do you have any cost Cost Estimation limitation requirements?

  4. Does Cost Estimation systematically track and analyze outcomes for accountability and quality improvement?

  5. Is there any additional Cost Estimation definition of success?

  6. What do employees need in the short term?

  7. Are resources adequate for the scope?

  8. In the case of a Cost Estimation project, the criteria for the audit derive from implementation objectives, an audit of a Cost Estimation project involves assessing whether the recommendations outlined for implementation have been met, can you track that any Cost Estimation project is implemented as planned, and is it working?

  9. What successful thing are you doing today that may be blinding you to new growth opportunities?

  10. Do you monitor the effectiveness of your Cost Estimation activities?

Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Cost Estimation book in PDF containing 994 requirements, which criteria correspond to the criteria in...

Your Cost Estimation self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Cost Estimation Self-Assessment and Scorecard you will develop a clear picture of which Cost Estimation areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Cost Estimation Self-Assessment
    • Is secure: Ensures offline Data Protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:


STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Cost Estimation projects with the 62 implementation resources:

  • 62 step-by-step Cost Estimation Project Management Form Templates covering over 1500 Cost Estimation project requirements and success criteria:

Examples; 10 of the check box criteria:

  1. Cost Management Plan: Eac -estimate at completion, what is the total job expected to cost?

  2. Activity Cost Estimates: In which phase of the Acquisition Process cycle does source qualifications reside?

  3. Project Scope Statement: Will all Cost Estimation project issues be unconditionally tracked through the Issue Resolution process?

  4. Closing Process Group: Did the Cost Estimation Project Team have enough people to execute the Cost Estimation Project Plan?

  5. Source Selection Criteria: What are the guidelines regarding award without considerations?

  6. Scope Management Plan: Are Corrective Actions taken when actual results are substantially different from detailed Cost Estimation Project Plan (variances)?

  7. Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?

  8. Cost Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?

  9. Procurement Audit: Was a formal review of tenders received undertaken?

  10. Activity Cost Estimates: What procedures are put in place regarding bidding and cost comparisons, if any?

Step-by-step and complete Cost Estimation Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

2.0 Planning Process Group:

3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log

4.0 Monitoring and Controlling Process Group:

  • 4.1 Cost Estimation project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance

5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Cost Estimation project or Phase Close-Out
  • 5.4 Lessons Learned



With this Three Step process you will have all the tools you need for any Cost Estimation project with this in-depth Cost Estimation Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Cost Estimation projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
  • Implement evidence-based Best Practice strategies aligned with overall goals
  • Integrate recent advances in Cost Estimation and put Process Design strategies into practice according to Best Practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Cost Estimation investments work better.

This Cost Estimation All-Inclusive Toolkit enables You to be that person.


Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.