Title :
Estimating Design Costs for First-of-a-kind Projects
Author_Institution :
Fermi Nat. Accel. Lab., Batavia
Abstract :
Modern scientific facilities are often outcomes of projects that are first-of-a-kind, that is, minimal historical data are available for project costs and schedules. However, at Fermilab, there was an opportunity to execute two similar projects consecutively. In this paper, a comparative study of the design costs for these two projects is presented using earned value methodology. This study provides some insights into how to estimate the cost of a replicated project.
Keywords :
costing; innovation management; project management; Fermilab; design costs estimation; first-of-a-kind projects; modem scientific facilities; project schedules; replicated project cost; Buildings; Collaboration; Costs; Educational institutions; Government; History; Laboratories; Project management; Scheduling; US Department of Energy;
Conference_Titel :
Engineering Management Conference, 2006 IEEE International
Conference_Location :
Bahia
Print_ISBN :
1-4244-0285-9
Electronic_ISBN :
1-4244-0286-7
DOI :
10.1109/IEMC.2006.4279897
