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Tools & Programs

Cost Estimating


NHI Training for Addressing Uncertainty in Cost Estimating
Offered by the National Highway Institute, this course covers the evaluation of risk and uncertainty in project cost estimates when using either a deterministic or probabilistic method, providing participants with an overview of current cost estimating practice and an appreciation of the importance of cost estimating. The course will compare and contrast deterministic and probabilistic methods of cost estimating, including which method is most appropriate during the various phases of project development. While this course is geared towards cost estimating for Major Projects, the concepts are applicable and scalable for developing estimates for all transportation projects.