Thirty Meter Telescope cost estimating process

Astronomy and Astrophysics – Astronomy

Scientific paper

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Scientific paper

Estimates of the cost to construct the Thirty Meter Telescope (TMT) have progressed from rough order parametric analyses at the early Reference Design stage to detailed bottom up estimating at the lowest levels of the TMT Work Breakdown Structure during the Conceptual and Preliminary Design phases. This detailed estimating process is guided by uniform estimating procedures and a contingency estimating methodology that assesses technical, cost and schedule risks for each item that is estimated. Details of the cost estimating techniques, their implementation, uses of the results, and planned next steps will be described.

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