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In project management (e.g., for engineering), accurate estimates are the basis of sound project planning. Many processes have been developed to aid engineers in making accurate estimates, such as Analogy based estimation; Compartmentalization (i.e., breakdown of tasks) Cost estimate; Delphi method; Documenting estimation results; Educated ...
A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost ...
Job Costing is the process of determining the labor and materials cost for each job in a systematic way, and then using this information to create a quote for the customer. Job costing or cost accounting can be used in virtually any industry (especially service industry) to ensure that the product pricing covers actual costs, overhead and ...
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
On systems such as the New York City Subway and London Underground, the position is now called "train operator" (T/O). After transitioning to one-person operation on the Chicago "L" , use of "operator" came as a replacement term after motormen assumed additional responsibilities previously held by the conductors .
The station master is responsible for the management of other station employees and holds responsibility for safety and the efficient running of the station. The term was historically employed across stations of all sizes, leading to variation in the precise role.
Passengers using CharlieCards can transfer free from a subway to a bus, and from a bus to a subway for the difference in price ("step-up fare"). [104] CharlieTicket holders can transfer free between buses, but not between subway and bus, except free subway transfers are given for the Silver Line at Airport station and SL4/SL5 branches.
The TTC pays Metrolinx a 5.25-percent commission on fare revenue from Presto use. The TTC estimates the total commission paid for 2019 to be $50 million. The Presto contract between the TTC and Metrolinx went into effect in 2012 and expires in 2027, after which the TTC is free to switch to another fare system.