The Cost estimate classification allows for consistent communication of the characteristics of an estimate. These characteristics include:
•Information used to create the estimate.
•Methods and effort used to create the estimate.
•The accuracy level expected.
•The level of risk associated with the estimate.
This webinar will cover the approach that AACE recommended practices take to estimate classification and how this has been practically implemented into Transpower’scost estimation framework and continuous cost estimation improvement programme.Transpoweris New Zealand’s national transmission grid asset owner and system operator with large and increasing capital works programme.