Pre-feasibility phase – Investment cost estimate preparation The conceptual phase aims to provide preliminary cost information for the decision making. The information for the cost estimate comes often from many different sources and the reliability is therefore limited. The actual structured cost estimate is normally released for the first time at the end of a
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PFS – Investment cost estimate preparation
After reading this article you will..
- Understand that the first investment cost estimate is a compilation of engineering deliverables converted to cost objects
- Understand that the reliability of the cost estimate is significantly improved from the conceptual phase
- Learn that the cost data and object information is based on actual engineering and supplier data
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This page has been updated 16.10.2020
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