ASTM International Standard Classification for Cost Estimate Classification System ASTM E2516-11

1.1 This classification provides a generic classification system for cost estimates and provides guidelines for applying the classification to cost estimates. 1.2 This classification maps the phases and stages of cost estimating to a generic maturity and quality matrix, keyed to a degre of project definition, that can be applied across a wide variety of industries. 1.3 The Cost Estimate Classification System has been developed in a way that: 1.3.1 provides a common understanding of the concepts involved with classifying cost estimates; 1.3.2 defines and correlates the major characteristics used in classifying cost estimates, and; 1.3.3 uses the degree of project definition as the primary characteristic used to categorize estimate classes.