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1.040/1.401 Project Management Spring 2007 Lecture 6 Estimating

1.040/1.401 Project Management Spring 2007 Lecture 6 Estimating. Dr. SangHyun Lee. lsh@mit.edu. Department of Civil and Environmental Engineering Massachusetts Institute of Technology. Project Management Phase. DESIGN PLANNING. DEVELOPMENT. OPERATIONS. CLOSEOUT. FEASIBILITY. Fin.&Eval.

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975 views • 97 slides

1.040/1.401 Project Management Spring 2007 Lecture 6 Estimating

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972 views • 97 slides

A cost index is a ratio of the cost of something now to its cost at some time in the past

A cost index is a ratio of the cost of something now to its cost at some time in the past. Example: The construction cost of a certain highway ramp was $380,000 in 1990. The ENR. construction cost index had a value of 4770.03 at that time. If a similar project is to be.

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1.040/1.401 Project Management Spring 2007 Lecture 6 Estimating

1.040/1.401 Project Management Spring 2007 Lecture 6 Estimating

A cost index is a ratio of the cost of something now to its cost at some time in the past