How can I improve the accuracy of my cost estimations?
An example of an AI chatbot conversation about cost estimation accuracy and improvement strategies.
How can I improve the accuracy of my cost estimations?
To improve accuracy, consider using historical data, involving experts, and applying standardized methods.
What tools can help with cost estimation?
Tools like Microsoft Excel, specialized software like CostOS, and project management tools can be very helpful.
How do I account for unexpected costs?
Include a contingency percentage in your estimates and regularly review and adjust your budget.
Can you give me an example of a cost estimation process?
Sure! A typical process includes defining the project scope, gathering data, estimating costs, and reviewing with stakeholders.
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