Elements of cost management
Total project cost estimate (TPCE)
Employees in each district and Central Office are responsible to deliver MnDOT projects with accurate and reliable cost estimation.
- TPCE Cost Estimating Potential Guidelines (PDF)
- Total Project Cost Estimate Form – updated 10-28-16 (XLS)
- TPCE Cost Estimation Process Improvement and Organizational Integration Project
- TPCE Template Guideline for Design-Bid-Build Project
- TPCE Form Instructions
- TPCE Cost Estimation Process Improvement and Organizational Integration Project – Baseline
Risk guidance and tools
In each phase of a project's development, its Total Project Cost Estimate should include an analysis of uncertainty and risk – with associated contingency estimates – to increase accuracy.
- Risk Register Template - June 2016 (Excel)
- Risk Definitions
- Project Risk Management Reference
- Project Risk Management Process
- Potential Uncertainty, Risk, and Contingency Guidelines
- Risk Checklists (PDF)
- Cost Estimation Process Improvement and Organizational Integration Project – Risk and Contingency
Cost estimate communications
In each project phase, stakeholders are to use the following guidelines to effectively communicate uniform, consistent information statewide. Contingency costs and inflation-adjusted costs should be included in Total Project Cost Estimate communications.
Project and cost management
In each project phase, project managers are to use the following guidelines to manage project-related costs against the Baseline Cost Estimate, which is the Total project Cost Estimate at the time the project Scoping Report is approved.
- Project and Cost Management Glossary of Terms
- Cost Estimating and Cost Management Implementation Review Research Report – June 28, 2013
- Project Cost Management Guidelines
- Cost Estimating Tips
- Cost Estimation and Cost Management Technical Reference Manual
Districts are to actively manage project costs to deliver MnDOT’s construction program within SRC budget constraints and program priorities.