| Title |
Description |
| Context |
Realistic, analogue-based production forecasts and benchmarked cost and schedule estimates are essential to quality decision making and to achieve the business case value. Production Forecasts, cost, and schedule estimates, appropriate for the maturity of the data / phase, should be based on competitive scope and a good understanding of how the value is realised. |
| Activity |
Develop a range of production forecasts, cost and schedule estimates based on all risks and uncertainties, integrating all aspects of scope of work and execution strategy. Demonstrate that the technical work, which underpins the notional development plan and de-risking of the opportunity, is integrated across the different contributing disciplines and TECOP considerations. Technical data for economic evaluation must be quality controlled. |
| Purpose |
To ensure that the range of production forecasts, cost and schedule estimates reflect the risks and uncertainties associated with the data maturity of the opportunity. |
| Requirements from other Standards |
None |
| Evidence recorded in |
Early Development Assessment |
| Accountability for meeting Control Intent |
Front End Development Manager |
| Phase |
IDENTIFY |
