scopeamount

Scopeamount is a project management metric used to quantify the monetary value attributed to the defined scope of work in a project. It represents the estimated financial value of all deliverables and required tasks included in the scope, excluding optional features and items outside the agreed scope. The term helps compare project size, guide bidding, and align stakeholders around the scope itself rather than just the overall budget.

Calculation of scopeamount can be done by aggregating unit costs for each included task, using a work breakdown structure to map deliverables to cost estimates, or applying a scope multiplier to baseline cost estimates. It is often used alongside the scope statement and change management processes to measure scope creep, track changes in scope amount, and assess impacts on schedule and resources. Scopeamount is distinct from the overall project budget, which includes contingency and reserves, and from a cost estimate, which projects costs to complete rather than the value of the defined scope.

Limitations include ambiguity in how the scope is defined, which can affect comparability across projects. Its usefulness also depends on the quality of cost data and the stability of the scope; changes in assumptions or market conditions can alter the reported scopeamount. In practice, stakeholders use scopeamount as a reference point for negotiations and for monitoring scope-related changes during project execution.

Example: a software project defines 12 features with associated tasks totaling an estimated $420,000; the scopeamount is $420,000.