To estimate costs that cannot be calculated precisely, planners can:

Question

Quizplus · Accepted Answer

All of the options listed are useful ways for planners to estimate costs that cannot be calculated precisely. Consulting with directors of other programs and agencies can provide valuable insight into similar projects and their associated costs. Looking at proposals from other agencies can provide a baseline for cost estimates. Contacting potential funding sources for previously funded proposals can give a good sense of what is considered a reasonable cost for a given project. Talking to program or agency staff can provide valuable information about the day-to-day operations and costs of running a program. Together, these methods can help planners come up with a more accurate estimate of the costs associated with a project.

To Estimate Costs That Cannot Be Calculated Precisely, Planners Can