COST ESTIMATION

ABSTRACTS

TOPICS

• Parametric Cost Analysis from the Perspective of Competitive Advantage - Abstract: Edwin B. Dean provides insight to parametric estimating, usually applied to large systems such as those found in the Department of Defense or NASA. Parametric estimating relies on simulation models that are systems of statistically and logically supported mathematical equations. The impacts of a product's physical, performance, and programmatic characteristics on cost and schedule are defined by these equations. Tailoring parameters are used to describe the object being estimated. Output of the models is validated with data from past projects. While many parametricians use commercially available general-purpose cost models, many others have created their own models to satisfy specialized needs. This site contains links to cost-related definitions, bibliographies, and other useful information.