Standard Classification for Cost Estimate Classification System
|Publication Date:||1 April 2011|
|ICS Code (Accountancy):||03.100.60|
This classification provides a generic classification system for cost estimates and provides guidelines for applying the classification to cost estimates.
This classification maps the phases and stages of cost estimating to a generic maturity and quality matrix, keyed to a level of project definition, that can be applied across a wide variety of industries.
The Cost Estimate Classification System has been developed in a way that:
provides a common understanding of the concepts involved with classifying cost estimates;
defines and correlates the major characteristics used in classifying cost estimates, and;
uses the degree of project definition as the primary characteristic used to categorize estimate classes.