Basis of Estimates

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					Basis of Estimate                                  [Project Name]




PROJECT NAME
Basis of Estimates
[Company Name]




                    Authors:
                    Creation Date:
                    Last Updated:
                    Version:




[Company Name]                       Page 1 of 9   [Revision Date]
Basis of Estimate                                            [Project Name]




Revision History

       Date          Author              Version   Change Reference




Approvals

       Date         Approver             Version      Comments




Reviewers

       Date         Reviewer             Version      Comments




[Company Name]                 Page 2 of 9                   [Revision Date]
Basis of Estimate                               [Project Name]



Project Scope Description




Project Methodology




Project Estimate Classification




[Company Name]                    Page 3 of 9   [Revision Date]
Basis of Estimate                      [Project Name]


Project Design Basis




Project Planning Basis




Project Cost Basis




[Company Name]           Page 4 of 9   [Revision Date]
Basis of Estimate                   [Project Name]


Allowances




Project Assumptions




Project Exclusions




[Company Name]        Page 5 of 9   [Revision Date]
Basis of Estimate                      [Project Name]


Project Exceptions




Risk and Opportunities




Contingencies




[Company Name]           Page 6 of 9   [Revision Date]
Basis of Estimate                          [Project Name]


Management Reserve




Benchmarking




Estimate Quality Assurance




[Company Name]               Page 7 of 9   [Revision Date]
Basis of Estimate                           [Project Name]


Level of Project Definition




Cost Value of Project




Other Factors




[Company Name]                Page 8 of 9   [Revision Date]
Basis of Estimate                                                  [Project Name]


Approvals


Project Manager Signature        Sponsor or Originator Signature



Project Manager Name             Sponsor or Originator Name




Date                             Date




[Company Name]              Page 9 of 9                            [Revision Date]
				
DOCUMENT INFO
Description: This Basis of Estimates is a spreadsheet that is designed to help project managers calculate the total cost of a given project. The basis of estimates sets forth the supporting details for a project's cost estimates. Any basic assumptions dealing with the inclusion or exclusion of indirect costs in the project budget should be specified in the basis of estimates. This template spreadsheet can be customized to best fit the needs of any project manager or company seeking explanations for cost estimates from its project managers.