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From Product Description to Cost: A Practical Approach: Volume 2: Building a Specific Model
Paperback
Series: Decision Engineering
EconomicsTechnology & Engineering
ISBN13: 9781849965491
Publisher: Springer Nature
Published: Oct 22 2010
Pages: 362
Weight: 1.23
Height: 0.82 Width: 6.14 Depth: 9.21
Language: English
Parametric cost estimating, when properly used, is a powerful and cost effective technique. Unfortunately, it is often misunderstood and rejected by many potential users for whom it could be a beneficial tool. An agreement on how to use it and how to recognise its limitations is a major benefit to the cost estimating community.
This book presents ways of parametrically forecasting costs and their advantages and disadvantages with examples from the mechanical, software and building industries; it discusses most of the mathematical procedures useful for parametrically forecasting costs and introduces the judgement needed to audit the ways these techniques are used, firstly as a process and secondly as a tool to generate estimates.
Volume 2 Building a Specific Model focuses on the building of 'specific' cost estimating models. Understanding the procedures is key in creating successful specific models; so all these procedures (classical and new) are described in this volume.
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