40 lines
1.0 KiB
Markdown
40 lines
1.0 KiB
Markdown
---
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id:
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aliases: []
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tags:
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- authorship/original
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- destiny/permanent
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- status/draft
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- type/daily
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title: 2025-11-21
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---
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# 2025-11-21
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## 2025-11-21 10:11
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#topic/estimating
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> [!quote] [ELECTRI's Industry Benchmarking Tool - ELECTRI International](https://www.electri.org/research-overview/electris-industry-benchmarking-tool/)
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> ### Hours Burned vs. Hours Earned
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>
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> Definition:
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> Comparison between portion of project estimated hours complete
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> compared with the actual hours spent on the task.
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> This is the labor performance factor
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> (needs to reference the labor factor used at bid time for a full comparison).
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This is a terribly problematic metric.
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If a project went over its material budget
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despite standard rigorous oversight
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where would you first look,
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construction or estimating?
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In almost all cases the safer bet is estimating.
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Why should labor be different?
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Wherever there is budget variance
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there is a persistent tendency to blame construction
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before estimating.
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[[purpose-of-construction-estimating#The Myth of Estimate Accuracy]]
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