The Dilemma of Uncertainties Associated with Cost Estimating in the Project Management Office.
Student study rept.,
DEFENSE SYSTEMS MANAGEMENT SCHOOL FORT BELVOIR VA
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The purpose of the study was to investigate the dilemma of uncertainties associated with the cost estimating process in an Army Program Management Office during the systems acquisition process. In pursuing this objective, the study examines general approaches and purposes for preparing cost estimates and the problem areas which introduce uncertainties in the estimating process. The problems of primary concern were found to be in unforeseen program changes, inflation, inaccurate cost estimating, technical problems, and the lack of information. The report concludes with a discussion of various concepts being implemented to deal with uncertainties, and recommendations for improving estimating procedures in the project office.
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