The Basis of Estimate Template is used to outline the factors and assumptions that are taken into account when estimating the cost, schedule, and resources required for a particular project or task. It provides a standardized format to document the basis for the estimation process and helps ensure that all relevant information is considered and transparently communicated. By using this template, project managers can effectively communicate their cost estimating approach and facilitate better decision-making and planning.
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This document is used for creating a basis of estimate for various projects. It helps in estimating costs, resources, and timelines for a project.