Developing the Process of Value Estimation and Modeling the Project Cost

Abstract

The article shows results of researching the projects that exist in St. Petersburg. Constructive and cost parameters of power stations, which pass and distribute electric power were found and possibility to estimate the degree of parametric similarity of the project being devised with the analogues project by using the method of cluster analysis by homogeneity principle. It was found out that the procedure of clustering gives an opportunity to get homogeneous in quality samples of needed projects, which in its turn provides a chance to choose the nearest analogue and on its foundation to forecast the cost of the project. On the basis of the method of expert estimations and respective coefficients methodology of modeling the project cost was designed, whose goal is to evaluate the precise cost of the project, which differs from the analogue by parameters. This methodology can allow us with more trustworthiness to identify the future cot of the project and to give possibility to change the cost. The approach put forward by the authors is built on the basis of mathematic model data that speed up the process of selecting analogues and modeling cost of the project.

Keywords

• project
• power station
• technical solutions
• parametric similarity
• cluster analysis
• exter evaluations
• respective coefficients