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A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate.
Independent Government cost estimate; Market research: Market research is a critical part of knowledge-based acquisitions. Information-driven and informed decision-making requires complete information to execute successful acquisitions. FAR Part 10, Market Research, gives guidance on the process of market research and its role in Federal ...
Garrison/HQ. Arlington, Virginia. The Air Force Cost Analysis Agency ( AFCAA) performs independent component cost analyses for major Air Force system programs as required by public law and Department of Defense policy, or those of special interest. It is responsible for cost estimating and for enhancing the state-of-the-art in cost analysis.
The Congressional Budget Office is nonpartisan, and produces "independent analyses of budgetary and economic issues to support the Congressional budget process." [9] Each year, the agency releases reports and cost estimates for proposed legislation, without issuing any policy recommendations.
However, the Program’s independent government cost estimates project significantly higher costs when the Agency transitions to purchasing these seats from commercial companies. Foust does go on to say that the NASA's budget, "requested $848.3 million for commercial crew in 2015, and a total of nearly $3.42 billion for the program from 2015 ...
Basis of estimate. Basis of estimate ( BOE) is a tool used in the field of project management by which members of the project team, usually estimators, project managers, or cost analysts, calculate the total cost of the project. Through carefully planned equations, hierarchical listing of elements, standard calculations, checklists of project ...
PRICE Systems. PRICE Systems was founded in 1975 as a business within the RCA Corporation. It is generally acknowledged as the earliest developer of parametric cost estimation software. [citation needed] PRICE Systems’ cost estimating software was first developed in the 1970s when David Shore, a vice president in RCA's Government Group ...
The Director of Cost Assessment and Program Evaluation ( CAPE) is a principal staff assistant and advisor to the Secretary and Deputy Secretary of Defense in the Office of the Secretary of Defense. The postholder, as chartered under United States Department of Defense Directive 5141.1 in 1996 (subsequently superseded and canceled with the ...