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Course Cost Estimation and Control for Transmission Projects: The Fundamentals for Overhead, Underground and Substations February 11-12, 2014 Denver Marriott Tech Center Denver, CO EPCI is authorized
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What is cost estimation and control?
Cost estimation and control is the process of predicting, planning, monitoring, and controlling the costs related to a project or activity.
Who is required to file cost estimation and control?
Any individual or organization involved in a project or activity that requires budgeting and monitoring of costs is required to file cost estimation and control.
How to fill out cost estimation and control?
Cost estimation and control forms can be filled out by providing detailed estimates of project costs, monitoring actual expenses, and adjusting budget plans as necessary.
What is the purpose of cost estimation and control?
The purpose of cost estimation and control is to ensure that projects stay within budget constraints, allocate resources effectively, and identify areas for cost-saving opportunities.
What information must be reported on cost estimation and control?
Information that must be reported on cost estimation and control includes project budget estimates, actual expenditures, variance analysis, and explanations for any deviations.
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