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title: Portfolio Theory for Construction Estimating
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# Portfolio Theory for Construction Estimating

Projects are like investments in that they have a cost and return.
They are different in that, in the case of construction,
the return is known, but the cost must be estimated.

## Terms

https://en.wikipedia.org/wiki/Discounted_cash_flow

https://en.wikipedia.org/wiki/Valuation_(finance)

https://en.wikipedia.org/wiki/Time_value_of_money

https://en.wikipedia.org/wiki/Time_preference

## Resources

https://www.wiley.com/en-us/Wiley+Series+in+Probability+and+Statistics-c-1345

https://www.wiley.com/en-us/Structural+Equation+Modeling%3A+Applications+Using+Mplus%2C+2nd+Edition-p-00045072

https://www.wiley.com/en-us/Game-Theoretic+Foundations+for+Probability+and+Finance+-p-00027121

https://www.wiley.com/en-us/Loss+Models%3A+From+Data+to+Decisions%2C+5th+Edition-p-00014549