Cost estimate

[Former Member]

Dear Experts,

            I basically want to understand the difference between cost planning in PS & cost estimate. Reason being I am aware about the different types of cost planning, for instance, we can plan costs by unit costing or n/w costing , but how can I ,say for eg., include packaging costs for a material (FG) of size "a x b x c" which will be packed in cartons of size "f x g x h" , hence calculating that the "N"materials will be packed in 1 carton & simultaneously "N" cartons will be required. Here too, a wild guess is that ECP wont suffice as the material size will vary for each project.

Kindly suggest.

BR.

[Former Member]

Hi BR.

For activity with each material (FG), also include component carton & Other packing stuff to accommodate their cost on to the activity.

Regards

Sandeep

[Paulo_Vitoriano]

I think you should try ECP before saying it "wont suffice"...  Anyway even before ECP you need to formalise the calculation based on given input variables.