Project Estimate Template

FORMAT
bizzlibrary template file type image

CATEGORY

DEPARTMENT
Legal

LANGUAGE
English

TYPE & SIZE
.docx (0.01 MB)

An estimate of a project's time, cost, and resources is referred to as a project estimate. Predicting project costs, timelines, and tasks involves analyzing data and utilizing information provided by the client.

In what format should you write your project estimate?

The process of estimating project costs can be broken down into five steps:

Determine what resources will be needed to complete each task.
Based on your team's capacity, identify and allocate resources to tasks.
Prepare a schedule (with a buffer) based on the estimated task length.
Utilize an estimation method to determine the project cost.
Keep track of project budgets with real-time cost estimation tools.

In what way does an estimate serve its purpose?

The purpose of an estimate has a different meanings for different people involved in the process. To the owner, it provides a reasonable, accurate idea of the costs. This will help him or her decide whether the work can be undertaken as proposed, needs to be modified, or should be abandoned.

This sample estimate template is available for free on our website. It is possible to make some changes to the document using any word processing program. You can share this template with your friends and family if you like it. Visit our website for some useful content and give us your valuable feedback.

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