Systems Cost Engineering: Program Affordability Management and Cost ControlParametric cost estimating models are flexible tools which bring engineering, scientific and mathematical rigour to cost and schedule estimating, but great tools alone will not keep programs affordable. Tools must be applied as part of a credible process if estimates and analyses are to be accepted. Complex major projects involving engineering, hardware, software, service and IT, all suffer from two basic problems: the project sponsors often struggle to specify the project effectively, and project managers find themselves wrestling with unpredicted cost or schedule overruns. Everyone wants to be successful with the tools and solutions they use, so this book is a comprehensive collection of methods with proven success. The applications described by Dale Shermon and his co-authors have evolved over 30 years of cost engineering experience during which time they have been matured by the parametric community. Each chapter explores a different application of parametrics, based on real-life case examples, providing you with a detailed guide to the rationale and value of cost engineering in a different industry or program context. Systems Cost Engineering will help cost engineers, project and program directors, and the champions that support them, to understand and apply parametrics to ensure that their programs: * offer a credible analysis of alternative cost options * are never initiated with insufficient funding because of inaccurate estimates of cost or quantification of risks * are never diverted from their objective because of a lack of credible cost management * share and communicate knowledge of realistic and dynamic cost and productivity metrics amongst the program team * are never derailed by surprise cost overruns or schedule delays The information in this book will give projects sponsors and bid managers confidence in the business case that they are developing and enable them to communicate a clear and transparent picture of the risks, opportunities and benefits to stakeholders and project owners. |
Contents
List of Figures | 1 |
3 | 9 |
Chapter | 10 |
Chapter | 14 |
Chapter 3 | 25 |
4 | 37 |
1 | 43 |
1 | 49 |
Chapter 10 | 103 |
1 | 106 |
Chapter 11 | 111 |
The Technology Readiness Level TRL scale | 112 |
4 | 119 |
10 | 125 |
Chapter 12 | 127 |
2 | 134 |
Chapter 4 | 54 |
2 | 59 |
5 | 65 |
Chapter 7 | 67 |
1 | 72 |
Chapter 8 | 73 |
Fifty calibrated structural items | 78 |
How to Accomplish Quality Assurance | 85 |
1 | 86 |
4 | 93 |
6 | 99 |
How to Consider Technology Insertion | 181 |
How to Develop Costeffective Alternatives | 195 |
Chapter 17 | 215 |
Chapter 18 | 221 |
weight | 233 |
Chapter 19 | 241 |
How to Accomplish Knowledge Retention | 253 |
Chapter 21 | 263 |
Chapter 22 | 273 |
Chapter 23 | 291 |
Other editions - View all
Systems Cost Engineering: Program Affordability Management and Cost Control Dale Shermon Limited preview - 2017 |
Systems Cost Engineering: Program Affordability Management and Cost Control Dale Shermon No preview available - 2016 |
Common terms and phrases
accuracy acquisition activities aircraft application Assessment baseline Breakdown Structure PBS budget Business Plan CAIV calculated capability COCOMO consider Control Control Account cost and schedule Cost Drivers Cost Engineer cost estimating models Cost Objects cost research COTS solution database detailed determine Earned Value Earned Value Management Edit View electronics enable Engineering Complexity ensure equipment example factor Figure Function Point Graphical User Interface hardware historical integration and test interface knowledge management Manufacturing Complexity MCPLXS MTBF normalized cost density Operating and Support Option organization organization's parametric cost model parametric estimating parametric model PEC ASSY performance phase possible predict PRICE Systems procurement Product Breakdown Structure proposal Prototype questionnaire result risk analysis Sample True schedule estimates strategy suppliers technical techniques technology insertion technology maturity Technology Readiness Level third generation parametric users Window Help