In below question, in explanation it is mentioned " estimate at start of project would be USD 50 Mn".
Does this mean that, we should find out estimate at start and not use "50 Mn" given is Question?
Q  Cost Estimation
 vikram_unde
 Contributor
 Posts: 182
 Joined: Tue Aug 23, 2016 5:48 am
Q  Cost Estimation
 Attachments

 Cost Estimation.JPG (71.25 KiB) Viewed 3779 times
 vikram_unde
 Contributor
 Posts: 182
 Joined: Tue Aug 23, 2016 5:48 am
Re: Q  Cost Estimation
manishpn wrote:http://forum.izenbridge.com/viewtopic.php?f=3&t=2609&p=9454&hilit=Sam+is+half+way#p9454
Thanks Manish!
I went through the link but it does not answer my query.
My doubt is "Does this mean that, we should find out estimate at start and not use "50 Mn" given is Question?"
Appreciate additional inputs from you. Thanks!
Regards,
Vikram Unde
Re: Q  Cost Estimation
Hi Vikram question has provided you both the information.
ROM range of USD 30 Mn to USD 70 Mn  one can use the range to calculate initial estimate
or use 50 MN which is already provided in the question
you can get question with either of the information.
ROM range of USD 30 Mn to USD 70 Mn  one can use the range to calculate initial estimate
or use 50 MN which is already provided in the question
you can get question with either of the information.
 vikram_unde
 Contributor
 Posts: 182
 Joined: Tue Aug 23, 2016 5:48 am
Re: Q  Cost Estimation
manishpn wrote:Hi Vikram question has provided you both the information.
ROM range of USD 30 Mn to USD 70 Mn  one can use the range to calculate initial estimate
or use 50 MN which is already provided in the question
you can get question with either of the information.
Thanks Manish,
I tried to calculate initial estimate (ROM) using 25% and +75%. But, I get initial estimate as 40 Mn instead of 50 Mn. My calculation as below:
Let us assume initial estimate as x Mn.
x  0.25x = 30 > 0.75x = 30 > x = 40
x + 0.75 x = 70 > 1.75x = 70 > x = 40
Request you to verify and provide your inputs
Thanks!
Vikram Unde
Re: Q  Cost Estimation
vikram_unde wrote:manishpn wrote:Hi Vikram question has provided you both the information.
ROM range of USD 30 Mn to USD 70 Mn  one can use the range to calculate initial estimate
or use 50 MN which is already provided in the question
you can get question with either of the information.
Thanks Manish,
I tried to calculate initial estimate (ROM) using 25% and +75%. But, I get initial estimate as 40 Mn instead of 50 Mn. My calculation as below:
Let us assume initial estimate as x Mn.
x  0.25x = 30 > 0.75x = 30 > x = 40
x + 0.75 x = 70 > 1.75x = 70 > x = 40
Request you to verify and provide your inputs
Thanks!
Vikram Unde
Same with me. I too didn't get the calculation on how that 50M comes by looking at 30M and 70M as ROM, could anyone please elaborate?
Thanks
Harshad
Re: Q  Cost Estimation
thanks
this needs to be rectified
this needs to be rectified
Return to “PMP® Queries and Tips”
Who is online
Users browsing this forum: No registered users and 1 guest