Industrial Product Development projects: project cost estimation

Cost Management Innovation

Dear members, looking for your own practice and/or industry standards on accuracy ranges of project cost estimation throughout the new product development stages (ideation to industrialization). Ready to exchange and benchmark. Thanks in advance for your help. Regards. Patrick

Posted: Jan 16, 2020 3:54 PM

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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada

Patrick -

Which industry are you interested in as that would likely affect the ranges on cost estimation for new products?

Kiron

Posted: Jan 16, 2020 7:26 PM

@Kiron: machinery

Posted: Jan 18, 2020 6:07 AM

Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada

Thanks Patrick -

I'm assuming a predictive/traditional lifecycle is being used for these projects?

Kiron

Posted: Jan 18, 2020 9:20 AM

@Kiron: yes

Posted: Jan 18, 2020 11:48 AM

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Industrial Product Development projects: project cost estimation

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