Re: Digest for kwpmp@googlegroups.com - 5 Messages in 4 Topics
Naman
Hi,
Since no one has replied to this question yet, I will take a shot at it.
A quotation is more like a fixed price for some work. An estimate on the other hand is a just a guess, and can be increased or decreased depending on scope of work. Quotation is good if scope is known. Estimate is good if scope is unclear. From a PM's perspective, the PM requests someone else for a quotation, whereas an 'estimate' is done by the PM himself.
Thx, Naman
Group: http://groups.google.com/group/kwpmp/topics
- Difference between Estimate and Quote [1 Update]
- Digest for kw...@googlegroups.com - 8 Messages in 5 Topics [2 Updates]
- PMP Application [1 Update]
- PMP Notes- Good one [1 Update]
Prashant shenoy <shen...@gmail.com> Jun 06 04:57AM -0700
Can anyone tell me the difference between an Estimate & quotation.
Tushar Phalke <tushar...@gmail.com> Jun 06 09:55AM +0530
Thanks Moby
Meer Murtuza <meer.m...@gmail.com> Jun 06 05:23PM +0530
Thanks Radheesh.
harmeet rai <baba...@gmail.com> Jun 06 03:20AM -0700
Hi
Loaded the application on friday, got the approval yesterday( without
audit), plenty of dates available in june onwards but some how for
july only slot available is 5 pm. So now its RIta- Rita- Rita.\
Best wishes
Harmeet rai
Manoj Kumar <man...@gmail.com> Jun 05 09:47PM -0700
Guys,
Please make use the attached PMP notes spreadsheet. Hope this will be
useful. (This is not prepared by me)
Cheers!
Manoj
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surendr kumar
Thanks.
Surendr Kumar
On Jun 7, 5:00 pm, Naman <nam...@gmail.com> wrote:
> Hi,
>
> Since no one has replied to this question yet, I will take a shot at it.
>
> A quotation is more like a fixed price for some work. An estimate on the
> other hand is a just a guess, and can be increased or decreased depending
> on scope of work. Quotation is good if scope is known. Estimate is good if
> scope is unclear. From a PM's perspective, the PM requests someone else for
> a quotation, whereas an 'estimate' is done by the PM himself.
>
> Thx, Naman
> On Jun 7, 2012 7:37 AM, <kw...@googlegroups.com> wrote:
>
>
>
>
>
>
>
> > Today's Topic Summary
>
> > Group:http://groups.google.com/group/kwpmp/topics
>
> > - Digest for kw...@googlegroups.com - 8 Messages in 5 Topics<#137c4b2333d862c7_group_thread_1>[2 Updates]
> > - PMP Application <#137c4b2333d862c7_group_thread_2> [1 Update]
> > - PMP Notes- Good one <#137c4b2333d862c7_group_thread_3> [1 Update]
>
> > Difference between Estimate and Quote<http://groups.google.com/group/kwpmp/t/8131a42e6e724e59>
>
> > Prashant shenoy <sheno...@gmail.com> Jun 06 04:57AM -0700
> > Can anyone tell me the difference between an Estimate & quotation.
>
>
> > Tushar Phalke <tushar.pha...@gmail.com> Jun 06 09:55AM +0530
>
> > Thanks Moby
>
> > Meer Murtuza <meer.murt...@gmail.com> Jun 06 05:23PM +0530
>
> > Thanks Radheesh.
>
> > PMP Application<http://groups.google.com/group/kwpmp/t/cd8fe4fa323cfc08>
>
> > harmeet rai <babara...@gmail.com> Jun 06 03:20AM -0700
> > Hi
> > Loaded the application on friday, got the approval yesterday( without
> > audit), plenty of dates available in june onwards but some how for
> > july only slot available is 5 pm. So now its RIta- Rita- Rita.\
> > Best wishes
> > Harmeet rai
>
>
> > Manoj Kumar <manu...@gmail.com> Jun 05 09:47PM -0700
> > Guys,
>
> > Please make use the attached PMP notes spreadsheet. Hope this will be
> > useful. (This is not prepared by me)
>
> > Cheers!
> > Manoj
>
> > You received this message because you are subscribed to the Google Group
> > kwpmp.
> > To unsubscribe from this group, send <kwpmp+un...@googlegroups.com>an empty message.
> > For more options, visit <http://groups.google.com/group/kwpmp/topics>this group.
Moby Joseph
Hi Naman,
It doesn’t sound right. Anyhow my 2 cents!
Quote is usually in $ value and used for budget allocation. From sellers point of view - how much it costs to do the requested service with the current understanding.
From buyers view – he may get multiple quotes from different sellers and he will get a range on how much the requested service will cost. This will help him to get the required budget.
Quote usually given with the sellers assumptions and constraints which will justify the cost.
A seller will arrive at the quote with some sort of estimation which will suit the business need. To do an estimate he needs understand the project objectives and the initial requirements. Doing the estimate from the WBS will give a greater level of granularity thus increasing the confidence of the seller.
PM himself will not do any estimate unless he is an expert in that subject. Usually it is his team or the leads do the estimate. His job is to facilitate the same and make sure all the inputs are available to do the estimation.
Hope it helps… thoughts please!!!
Regards
Moby
