GIS have become easier to use and very popular. In recent year digital photogrammetric systems ire becoming cost-effective tools to build and update GIS databases. In close-range photogrammetry for the acquisition of geospatial data, the bundle adjustment needs both initial approximate values and control points to solve the exterior orientation parameters. This paper gives a review of applied and potential algorithms for estimating Initial approximate values before the bundle adjustment, develope new algorithms for determine the exterior orientation parameters, and gives a cost-effective methods for close-range digital photogrammetric system Modifications of existing DLT algorithm were made in this study for providing an efficient, economic, and more accurate photogrammetric data reduction technique. These modifications include robust approaches for automatic detection and elimination of all lands of gross errors in the measurement data, and incorporation of GPS to reduce the number of control points necessary for a DLT solution. Also, this paper derives a new method for space resection from a monocular image. A major advantage of proposed method is that the solution can be uniquely and analytically determined without initial approximate values of exterior orientation parameters and without iterative computation.