activity cost estimates template

8/13/2019 Activity Cost Estimates Template

1/4

ACTIVITYCOSTESTIMATESTEMPLATE

This Activity Cost Estimates Template is free for you to copy and use on your project

and within your organization. We hope that you find this template useful andwelcome your comments. Public distribution of this document is only permitted

from the Project anagement !ocs official website at"www.Projectanagement!ocs.com

ACTIVITYCOSTESTIMATES

COMPANYNAME

STREETADDRESS

CITY, STATEZIPCODE
http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/


2/4

Activity Cost Estimates Template

wwwP!o"ectMa#a$eme#tDocscom

Activity Cost Estimates are a valuable project management tool for determining the costs for a project. uch li#e how a project$swor# is bro#en down into activities and wor# pac#ages% the activity cost estimate brea#s the project$s costs down to the activity levelin order to improve the reliability and accuracy of the estimate.

The activity cost estimate considers each project activity and the costs associated with completing the activity. These costs includedirect costs for project resources% indirect costs which may be passed on to the project% and the amount held in contingency reserve forthe activity. A given activity may have many resources allocated to it which all must be accounted for as part of the estimate for thatactivity.

&ne characteristic of the activity cost estimate is documenting how the estimate was determined. This is usually done by eitheranalogous or parametric estimating. Analogous estimating is done using similar past projects or activities to estimate cost. Parametricestimating is done by determining and using a unit cost calculated over a duration or 'uantity of units. Parametric estimating isusually more accurate and should result in a higher confidence level.

Another characteristic of the activity cost estimate is that it often uses a range for the activity$s cost estimate as well as a confidencelevel. At different stages of project planning some activities may be more well(defined which may result in a much higher confidencelevel than that of an activity with more un#nowns. )t is important to note that li#e most project management documentation% theactivity cost estimate should continue to be revised and improved throughout the project$s lifecycle.

)n general% the more information and detail that is available for an activity% the more accurate the activity cost estimate will be. &nceactivity cost estimates are completed for all of a project$s activities% these can then be used to develop the overall project cost estimate.

*
http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/


3/4



Sta#%a!% Activity Cost Estimates Template&

Activity Cost Estimates

P!o"ect& Date&'(S No Reso)!ce Di!ect

Costs

I#%i!ect

Costs

Rese!ve Estimate Met*o% Ass)mptio#s+

Co#st!ai#ts

A%%itio#al

I#o!matio

#

Ra#$e Co#i%e#ce

Level

This shouldbe theW+,numberfrom theWor#+rea#down,tructure

Type ofresource-labor%material%e'uipment%service%etc.

Costsdirectlyrelated toprojectwor#-staffsalaries%supplies%

training%etc.

Costs notdirectlyattributableto theproject-utilities%rent%security%

etc.

Amount offunding heldin reservesforcontingencies

Estimatedcost

ethodused suchasparametric%analogous%etc.

Anyassumptionsused indeveloping theestimate suchas labor costper hour

)nformationon cost of'uality%interest rate%or other

/ange ofestimate

The degreeofconfidencein theestimatebased onavailableinformation

E-ample wit* Sample Data&

Activity Cost Estimates

P!o"ect&0le1 Pay !atabase Date&2342*45211'(S

No

Reso)!ce Di!ect

Costs

I#%i!ect

Costs

Rese!ve Estimat

e

Met*o% Ass)mptio#s+

Co#st!ai#ts

A%%itio#al

I#o!matio#

Ra#$e Co#i%e#ce

Level

3.*.* 6r.Programmer

for 72 hours

72 hrs 8952.:;

3.*.* =etwor#,pecialist for*2 hours

*2 hrs 895?.@2 2 9355.>2 Parametric ust obtainfunctional managerapproval to assign=etwor# ,pecialist

=4A 9322 (93;2

:

3.*.* ease=etwor# TestE'uipment

*5 hrs 8975 < 9;27

92 9;27 Parametric Assume teste'uipment will beavailable

ease fromTest ,upplyCorp.

9;22 (9;*2

@

5
http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/


4/4



This free Activity Cost Estimates Template is brought to you by www.Projectanagement!ocs.com

3
http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/http://www.projectmanagementdocs.com/

activity cost estimates template

Documents