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Manufacture |
Here
a project comes under the greatest public scrutiny
as the largest financial commitments are made. |
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Estimate
Costs |
The comprehensiveness
of 'top-down' techniques guards against the chronic
tendency of 'bottom-up' methods to underestimate.
The unque architecture of FACET models transfers automatically
and seamlessly to a design-based approach. |
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Why Bottom-Up Methods Underestimate
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Bottom-up estimates
can include only those work elements which ae identified
and planned for in advance of work commencing. Hence,
they must invariably be underestimates of the total.
While invaluable for day-to-day project management
and cost control, they are unsuitable thus for high-level
decision making which must depend upon comprehensive
top-down estimates. |
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