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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.
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. The estimate nee?
In this situation, a parametric estimating technique would be appropriate. This method uses statistical relationships between historical data and project variables to develop cost estimates, allowing for quicker calculations based on existing data. Given the timeline and the need for accuracy, this approach can provide a reliable estimate while accommodating potential changes in scope or project conditions. Additionally, using analogous estimating could complement this by leveraging costs from similar past programs.
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
Why the estimate of the radius and not the diameter?
Estimating one of them is equivalent to estimating the other.
Is estimating the same as rounding off and why?
No, it is not. Estimating may be rounding but need not be.
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
What are the four basic techniques for creating cost estimates?
The four basic techniques for creating cost estimates are analogous estimating (using similar past projects), parametric estimating (using mathematical models based on project attributes), bottom-up estimating (detailed cost breakdowns of all project activities), and three-point estimating (using optimistic, pessimistic, and most likely scenarios to calculate a range).
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 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 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 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
