Cost Estimating for R&D Programs,
FRANKFORD ARSENAL PHILADELPHIA PA
Pagination or Media Count:
While scientific and engineering techniques can be applied to estimating the cost of RD programs, the estimating task is not, and will probably never be an exact science. An idea of the precision of the estimate can be obtained through use of an uncertainty analysis. This provides the odds related to potential program cost, and a manager with a feeling for statistics be able to render a sound decision based on this data. An attempt to relate the results of several cost uncertainty analyses to actual costs would undoubtedly be a fruitful area for future effort.