Descriptive Report – PARAMETRIC COST ESTIMATING

Descriptive Report – PARAMETRIC COST ESTIMATING

Write a discussion paper about the process of parametric cost estimating using the journal articles attached. The discussion paper must comprise the following sections:
a) an overall description of the process
b) a detailed description of how it is undertaken and how it can be used
c) a description of the benefits and problems of using parametric cost estimating
d) a brief description of its use and the associated benefits and problems of its use at the Kodak-
Eastman organisation.
You must read and USE ALL TWELVE JOURNALin the discussion paper and make sure that they are
properly referenced. The discussion paper must be between 800 and 900 words long (including in-text
references and headings, but excluding the reference list) and the word count must be stated at the
end of the reference list. The discussion paper must synthesise the various reference materials and be clear, concise and
properly referenced using CHICAGO REFERENCING STYLE.
GENERAL OVERVIEW:
The cost consultant is one of the most important advisers to the client at the beginning of a project. With
appropriate and accurate advice they can make the difference between project success or failure. The cost
adviser should be able to spot opportunities for improving building cost efficiency and be able to communicate
their suggestions to the client as well as the appropriate design team members. The ability to provide this
timely advice comes from a full understanding of the principles of design economics
LINKS TO THE JOURNAL ARTICLES ARE BELOW:
Journal article 1
Article by PRICE Systems LLC – J. Long (97.008 Kb)
Long, J. No date. Parametric Cost Estimating in the New Millennium. PRICE Systems L.L.C. Accessed 25 July, http://www.pricesystems.com/white_papers/Parametric%20Estimating-New%20Millennium%20June%20’00%20-Long.pdf

Journal article 2
Kwak, Y., and R. Watson. 2005. “Conceptual Estimating Tool for Technology-Driven Projects: Exploring Parametric Estimating Technique.” Technovation 25 (12): 1430-1436. doi: 10.1016/j.technovation.2004.10.007
http://www.sciencedirect.com.dbgw.lis.curtin.edu.au/science/article/pii/S0166497204001865

Journal article 3
Phaobunjong, K., and C. Popescu. 2003. Parametric Cost Estimating Model for Buildings. Accessed 27 July,
http://proquest.umi.com.dbgw.lis.curtin.edu.au/pqdweb?did=423234601&sid=1&Fmt=6&clientId=22212&RQT=309&VName=PQD

Journal article 4
Dysert, L. 2008. “An Introduction to Parametric Estimating.” AACE International Transactions: ES31-ES37.
http://proquest.umi.com.dbgw.lis.curtin.edu.au/pqdweb?did=1678498011&sid=3&Fmt=6&clientId=22212&RQT=309&VName=PQD

Journal article 5
Brunsman, A., K. Robson, and D. Gransberg. 2008. Parametric Estimating for Environmental Remediation Projects. AACE International Transactions: ES61-ES65,
http://proquest.umi.com.dbgw.lis.curtin.edu.au/pqdweb?did=1678498061&sid=5&Fmt=6&clientId=22212&RQT=309&VName=PQD

Journal article 6
Bajaj, A, D Gransberg, and M Grenz. 2002. “Parametric Estimating for Design Costs.” AACE International Transactions: ES81-ES86.
http://proquest.umi.com.dbgw.lis.curtin.edu.au/pqdweb?did=161957421&sid=6&Fmt=6&clientId=22212&RQT=309&VName=PQD

Journal article 7
Meyer, E, and T. Burns. 1999. “Facility Parametric Cost Estimating.” AACE International Transactions: EST21-EST26.
http://proquest.umi.com.dbgw.lis.curtin.edu.au/pqdweb?did=50829777&sid=6&Fmt=6&clientId=22212&RQT=309&VName=PQD

Journal article 8
Davis, J. 1998. “Parametric Estimates Made Easy.” AACE International Transactions: ES1-ES5.
http://proquest.umi.com.dbgw.lis.curtin.edu.au/pqdweb?did=39283688&sid=6&Fmt=6&clientId=22212&RQT=309&VName=PQD

Journal article 9
Arioli, D., and J. Masi. 2002. “Development and Maintenance of a Parametric Building Estimating System.” AACE International Transactions: ES101-ES106.
http://proquest.umi.com.dbgw.lis.curtin.edu.au/pqdweb?did=161957571&sid=6&Fmt=6&clientId=22212&RQT=309&VName=PQD

Journal article 10
Dysert, L. 1999. “Developing a Parametric Model for Estimating Process Control Costs.” AACE International Transactions: EST11-14.
http://proquest.umi.com.dbgw.lis.curtin.edu.au/pqdweb?did=50829774&sid=6&Fmt=6&clientId=22212&RQT=309&VName=PQD

Journal article 11
Hollmann, J. 1994. “A Parametric Cost Estimating System.” Transactions of AACE International: EST4.1 – EST 4.7.
http://proquest.umi.com.dbgw.lis.curtin.edu.au/pqdweb?did=888524&sid=6&Fmt=6&clientId=22212&RQT=309&VName=PQD

Journal article 12
Masi, J. 2003. “Development and Maintenance of a Parametric Building Cost Estimating System.” Cost Engineering 45 (2): 33-37.
http://proquest.umi.com.dbgw.lis.curtin.edu.au/pqdweb?did=299074371&sid=7&Fmt=6&clientId=22212&RQT=309&VName=PQD
Thank you

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