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What cost estimating technique would the Air Force most likely use to prepare their budget estimate for the upgrade?
The Air Force would most likely use the parametric estimating technique to prepare their budget estimate for the upgrade. This technique involves using historical data and statistical analysis to relate project characteristics (such as size, complexity, and technology) to cost estimates. By analyzing similar past projects, the Air Force can develop a parametric model to estimate the cost of the upgrade based on specific project parameters.
An estimation technique where the font digits of the addends are added and then the sum is adjusted for a closer estimate?
an estimating technique in which the front digits of the addends are added and then the sum is adjusted for a closer estimate
Is estimating the same as rounding off and why?
No, it is not. Estimating may be rounding but need not be.
Why the estimate of the radius and not the diameter?
Estimating one of them is equivalent to estimating the other.
Is measuring the same as estimating?
No. Measuring is getting an exact length. Estimating is guessing what the length is
What cost estimating technique would the Air Force most likely use to prepare their budget estimate for the upgrade?
The Air Force would most likely use the parametric estimating technique to prepare their budget estimate for the upgrade. This technique involves using historical data and statistical analysis to relate project characteristics (such as size, complexity, and technology) to cost estimates. By analyzing similar past projects, the Air Force can develop a parametric model to estimate the cost of the upgrade based on specific project parameters.
What cost estimating technique would be most appropriate for the following situation A DoD Component is trying to budget for the overhaul of 10 air refueling tankers Cost data is available from five?
Analogy: An estimate of costs based on historical data of a similar (analog) item.
What cost estimating technique would be most appropriate for the following situation A DoD Component is trying to budget for the overhaul of 10 air refueling tankers. Cost data is available from five?
Analogy: An estimate of costs based on historical data of a similar (analog) item.
What cost estimating technique would the services most likely use as a basis for requesting the funding to pay for the additional aircraft?
Actual Cost
What cost estimating technique would the Navy most likely use in preparing their programming and budgeting documents?
Parametric
Where can construction cost estimating software be bought?
You can buy construction cost estimating software on eBay. Construction Book Express also has many different types of construction cost estimating software to buy.
What cost estimating technique would be indicated for the following situation The Program is going to a MS C Decision in a year The estimate is due several months to a year from now.?
Engineering
What is the relationship between the contractor's cost estimating and cost accounting systems?
An accurate cost accounting system is the basic building block for a good cost estimating system.
Article on cost estimating?
An article on cost estimating in the building construction field, admittedly from an out dated source although the principles are still the same, is at http://www.inquirewithin.biz/Vol2/Estimating/estimating_foundations.htm.
What is the most prevelant model for estimating the cost of equity?
The capital asset pricing model (CAPM) is the dominant model for estimating the cost of equity.
What is cost estimating cost benefit analysis in project management?
EMINEM
Which construction companies offer cost estimating?
Construction companies do not offer cost estimating as a service. However, they do cost estimates of their projects using one of the software applications available for purchase.
