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Engineering build-up approach

Engineering build-up approach: Accounting Foundations: Cost Estimating
Engineering build-up approach: Accounting Foundations: Cost Estimating

Build-up or bottom-up approach is the most accurate for estimating project cost and duration, however, it takes the most time to complete and requires the involvement of the entire project team. In this video, learn why and when to use this approach and work through an example to arrive at an overall cost estimate by approximating cost values for smaller components.

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Skill Level Intermediate
1h 15m
Duration
297
Views
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Skills covered in this course
Business Accounting Finance

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