June 2003

Project Management

Improve your database for cost estimation

Here’s a systematic approach for storing and retrieving valuable information that may be fragmented between various departments

Gulvadi, G. D., Tecnimont ICB Pvt Ltd.

Project implementation has gained considerable importance in the past two decades, due to large-scale, mega-projects being undertaken by government and private enterprises. Big investments have come through in infrastructure and capital-intensive projects. The need for large capacity has been realized due to the lower cost of production associated with large capacities and the access to marketshare. Because of the mega-project scenario and the associated global competition from low-cost countries like Korea, China, etc., the need for competitive pricing and better cost estimation techniques has gained considerable

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