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3 cards from this section. Quick, good the night before a test.
What does the Caterpillar method focus on?
Think about how businesses track equipment costs over time.
Describe what FOG stands for.
Remember the components affecting operational expenses.
What does the acronym FOG stand for?
It relates to operational costs.
True or False: The Caterpillar method relies solely on current market rates.
Think about how this method bases its calculations.
You are estimating costs for an unconventional mining project. Discuss the pros and cons of using the Caterpillar method vs. the Time Value method.
Weigh the historical data reliability against project uniqueness.
Analyze how incorrect FOG factor estimates impact project overall costs. Propose mitigations.
Consider how ongoing adjustments can help maintain budget accuracy.
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