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we recognized an overarching need within the Government cost analysis community to provide a handbook to serve as a fundamental reference for parametric Cost Estimating Relationship (CER) development. This handbook provides a variety of statistical techniques to help equip the
The cost estimate should identify those principal cost components needed to support effective project management (including monitoring of costs and physical progress during implementation).
International Society of Parametric Analysts Parametric Estimating Handbook© Fourth Edition – April 2008
Independent Government Estimates (IGEs), the Government’s best estimate of a contract’s potential costs, are an important tool throughout the process of planning and awarding service contracts. The Government develops the IGE without bias and typically without contractor input, and when
Principles - of cost estimating to get the basics right and address common pitfalls. People - roles, skills and behaviours needed to deliver, assure and own the cost estimate. Performance -...
There are four principal cost estimating methodologies: 1) Comparison/analogy, 2)Parametric, 3) Detailed engineering/bottom up, and 4) Extrapolation from actual costs. Other methodologies include Expert Opinion (from Subject Matter Experts) and catalogue pricing.
12 mar 2020 · The guide outlines key steps in the cost estimating process: the purpose, scope, and schedule of a cost estimate; a technical baseline description; a work breakdown structure; ground rules and assumptions; data collection; estimating methodologies; sensitivity and risk analysis; documenting and presenting results; and updating estimates with ...
