ASTM E2620-15 (R2020) PDF Download

ASTM E2620-15 (R2020) is a standard that provides a classification system for program and project estimate summaries. The standard highlights the importance of cost estimates in the planning and implementation of any program of work. These estimates are used by various stakeholders involved in program and project planning and management, such as owners, developers, financial managers, and project managers.

The standard emphasizes that program and project estimates are essential for establishing initial budgets and ensuring cost control throughout the life of the program. They also serve as a framework for ongoing updates and can be used in risk management. Additionally, the standard provides a consistent list of major activity phases for use in program and project time schedules.

It is important to note that the classification in ASTM E2620-15 (R2020) is focused on cost summaries rather than on permanent physical elements of construction. The classification items are common cost components that can be applied to construction programs and projects involving one or more construction work projects.