Publisher's Synopsis
Department of Defense
The ability to generate reliable cost estimates is a critical function, necessary to support the Department of Defense capital programming process. Without this ability DoD is at risk of experiencing cost overruns, missed deadlines, and performance shortfalls-all recurring problems that our program assessments too often reveal. Furthermore, cost increases often mean that DoD cannot fund as many programs as intended or deliver them when promised. The methodology outlined in this guide is a compilation of best practices that federal cost estimating organizations and industry use to develop and maintain reliable cost estimates throughout the life of a DoD acquisition program.