Guidance for Cost Estimation and Management for Highway Projects During Planning, Programming, and Preconstruction (2007)

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A P P E N D I X B Implementation Framework

B-1 Please see Chapter 8 for guidance on completing this table. Cost Management Strategy Performance Improvement Implementation Steps Responsible Party and (Strategies) Opportunity/Action (Methods) (Tools) Performance Measurement A P P E N D I X B Implementation Framework Management—Manage the estimation process and costs through all stages of project development. Scope/Schedule—Formulate definitive processes for controlling project scope and schedule changes. Off-Prism—Use proactive methods for engaging external participants and conditions that can influence project costs. Risk—Identify risks, quantify their impact on cost, and take actions to mitigate the impact of risks as the project scope is developed. Delivery and Procurement Method—Apply appropriate delivery methods to better manage cost, as project delivery influences both project risk and cost Document Quality—Promote cost estimate accuracy and consistency through improved project documents Estimate Quality—Use qualified personnel and uniform approaches to achieve improved estimate accuracy Integrity—Ensure checks and balances are in place to maintain estimate accuracy and minimize the impact of outside pressures that can cause optimistic biases in estimates