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Users with the role of developing or reviewing compliance plans can use this Manual to estimate private costs of installing and operating control equipment. Project Management Body of Knowledge (PMBOK), cost estimation is the iterative Expert judgment, in conjunction with objective estimation techniques, Step 8: Use the cost estimate to support decision-making 33. Summary Figure 2 - The importance of setting the project up for success. The manual acknowledges the importance of accurately communicating the circumstances and level of confidence recipients can have in any estimate. To achieveA cost estimate is one of the most important steps in road project management. There are ranges of factors that mostly affect the final project cost. Many