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Keynote: Estimating the Unknown: Challenges in Predicting Costs for Next-Generation Technologies

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Paper Summary

"Estimating the Unknown" explores the challenges of predicting costs for next-generation technologies in large development/production programs, where imperfect historical analogies and limited data often hinder accurate estimation. As the industry continues to grapple with cost overruns, improving estimation techniques is crucial for success. This keynote address delves into the complexities of estimating innovative technologies, examining recent experience and common pitfalls to identify key strategies and lessons learned for enhancing future cost estimates and mitigating risk.