How to Establish the Work Breakdown Structure (WBS)
At the core of each cost estimate is the work breakdown structure (WBS). I consider the WBS to be the centerpiece of cost estimating. Wikipedia defines WBS as “a hierarchical and incremental decomposition of the project into phases, deliverables, and work packages”. For the cost estimator, WBS is the tool used to gather the full […]
How Do You Estimate Labour Productivity
At the core of cost estimating are labour productivity and efficiency. Do you have a good handle on it? Wikipedia defines labour productivity as: “the value of goods and services produced in a period, divided by the hours of labour used to produce them. In other words, labour productivity measures output produced per unit of […]