6 TOC development process

This chapter discusses the process of TOC Development including its objective benefits and key elements.

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6.1 The objective of the TOC development process
6.2 The benefits of the TOC development process
6.3 Why do Owners need to understand and participate in the TOC development process?
6.4 Addressing the Owner's VfM Statement in the TOC
6.5 The mechanics of the TOC development process
6.6 Why agreed estimating procedures are essential
6.7 Why is understanding risk particularly important?