cover image of Principles, Process and Practice of Professional Number Juggling

Principles, Process and Practice of Professional Number Juggling

Working Guides to Estimating & Forecasting

by Alan R. Jones

ebook

Sign up to save your library

With an OverDrive account, you can save your favorite libraries for at-a-glance information about availability. Find out more about OverDrive accounts.

   Not today

Principles, Process and Practice of Professional Number Juggling (Volume 1 of the Working Guides to Estimating & Forecasting series) sets the scene of TRACEability and good estimate practice that is followed in the other volumes in this series of five working guides. It clarifies the difference between an Estimating Process, Procedure, Approach, Method and Technique. It expands on these definitions of Approach (Top-down, Bottom-up and

'Ethereal') and Method (Analogy, Parametric and 'Trusted Source') and discusses how these form the basis of all other means of establishing an estimate.

This volume also underlines the importance of 'data normalisation' in any estimating procedure, and demonstrates that the Estimating by Analogy Method, in essence, is a simple extension of Data Normalisation. The author looks at simple measures of assessing the maturity or health of an estimate, and offers a means of assessing a spreadsheet for any inherent risks or errors that may be introduced by failing to follow good practice in spreadsheet design and build.

This book provides a taster of the more numerical techniques covered in the remainder of the series by considering how an estimator can potentially exploit Benford's Law (traditionally used in Fraud Detection) to identify systematic bias from third party contributors. It will be a valuable resource for estimators, engineers, accountants, project risk specialists as well as students of cost engineering.

Publication Details

Publisher:
Taylor and Francis
Imprint:
Routledge
Publication Date:
2018
Series:
Working Guides to Estimating & Forecasting

Format

  • OverDrive Read
  • Adobe PDF eBook 2.9 MB
  • Adobe EPUB eBook 10.7 MB
Principles, Process and Practice of Professional Number Juggling
Copy and paste the code into your website.
New here? Learn how to read digital books for free