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Understanding & Communicating Expected Estimate Accuracy
A Virtual Meeting – At Home Edition
Speaker: Larry Dysert, CCP CEP DRMP FAACE Hon. Life
Conquest Consulting Group
Larry is the Managing Partner of Conquest Consulting Group (CCG). Larry has been actively involved in many of CCG's consulting areas, including providing cold eyes estimate reviews, estimate preparation, cost engineering organizational development, project controls, risk management, training, and claims/dispute resolution support.
Larry has over forty years of project estimating, management, consulting, and training experience in the chemical, petroleum, oil sands, high technology, utility generation, manufacturing, and construction industries and has been responsible for the preparation of conceptual and detailed estimates for capital projects, domestic and international ranging to over $25 Billion in size.
Larry is a frequent presenter and author on estimating and cost engineering topics. Larry is a Certified Cost Professional, Certified Estimating Professional, and Decision and Risk Management Professional. Larry is also an Award of Merit recipient, Honorary Lifetime Member, and Fellow of AACE International. Larry is currently the Vice-President of the Technical Board for AACE International. Larry is also a member of the Society for Cost Estimating and Analysis (SCEA).
This special virtual meeting will feature a recorded broadcast of a presentation with Powerpoint by Larry Dysert. Larry will join us on Webex live at the conclusion for a group discussion and to answer your questions.
Abstract:
The subject of expected estimate accuracy is guaranteed to be a subject of debate among cost engineering professionals and there are different opinions and viewpoints. Some have called the term “estimate accuracy” to be an oxymoron, meaning it is a contradiction of terms.
This is a presentation of the upcoming AACE recommended practice titled "Understanding Expected Estimate Accuracy". The presentation will walk through the identification of an estimate as a range of potential values, discuss the typical shape of the probability distribution associated with the estimate range, identify the concept of estimate contingency, and identify the elements required to convey information about estimate accuracy to stakeholders.
Whether you are explaining an estimate, or being presented an estimate, this presentation will provide a better understanding of estimate accuracy and what it really means.
Registration link: https://www.eventbrite.com/e/virtual-meeting-understanding-communicating-expected-estimate-accuracy-tickets-104533636922
Meeting from 6:00 to 7:15 pm
The presentations are in English
Cost:
AACEI and PMI Members: $10
Students: $10
Non-Members: $15