1408: Cost Estimating Flashcards
1
Q
What are the Life Cycle cost categories?
A
Research and Development, Investment, Operation and Support, and Disposal Cost
2
Q
What are the four major cost estimating techniques?
A
Analogy, Parametric, Engineering, and Actual Costs.
3
Q
What are the Life Cycle Cost Estimates two primary purposes?
A
- Serve as the cost input for decisions on whether to start, continue, modify, or terminate the development, production, and fielding of a system
- Provide the basis for budget requests to Congress
4
Q
What is the most expensive phase in the overall program cost for a typical program?
A
Operations and Support Costs (50-70%)
5
Q
What does POE stand for?
A
Program Office Estimate (POE)
6
Q
What does CCE stand for?
A
Component Cost Estimate (CCE)
7
Q
What does ICE stand for?
A
Independent Cost Estimate (ICE)
