The cost of a ship or any other large, made-to-order product must be estimated, in the first place to determine whether the construction of that ship is a viable project for owner and shipyard. Estimating problems exist because a ship construction project is always the creation of something novel. Further the information on which an estimate can be based is not always available until late than it is available. Initial estimating methods include use of ship parameters, including weight, capacity and dimensions. As information becomes available, more detailed estimates can be made using past production data. Maintaining a database of past performance is critical, as is prediction of future capability due to new developments. The estimate will be a guide rather than an accurate statement of the cost, so is always a potential risk to a project.
Cost Estimating
Shipbuilding Management ; Chapter : 11 ; 123-130
2020-12-06
8 pages
Article/Chapter (Book)
Electronic Resource
English
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