PROJECT COST ESTIMATING

Abstract

One place where cost estimating has, in recent years, been allowed to play its proper role is in military long-range planning, and the rewards have indeed been great. The general philosophy of the military planner and the concepts and methods of the cost estimator that have permitted this to happen are discussed in the first part of this paper. In the second part, an example of a cost analysis in support of a military planning problem is presented. The example points up the fact that cost estimating can be an intellectually stimulating activity worthy of the application of the best analytical skills available; and second, that it can provide useful answers to difficult and important questions even when uncertainty is great and quantification is difficult.

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Document Details

Document Type
Technical Report
Publication Date
Sep 01, 1967
Accession Number
AD0659356

Entities

People

  • R. L. Petruschell

Organizations

  • RAND Corporation

Tags

Communities of Interest

  • Air Platforms
  • Weapons Technologies

DTIC Thesaurus Topics

  • Air Force
  • Aircrafts
  • Ballistic Missiles
  • Cost Analysis
  • Cost Estimates
  • Costs
  • Equations
  • Jet Aircraft
  • Jet Transport Aircraft
  • Lead Time
  • Materials
  • Military Planning
  • Operations Research
  • Scheduling (Production)
  • Transport Aircraft
  • Weapon Systems
  • Weapons

Readers

  • Life Cycle Cost Analysis
  • Military History of the United States in the 20th Century.
  • Theoretical Analysis.