You’ve been called into the boss’s office and asked to provide a cost estimate. What’s known about the project? Practically nothing, but the answer’s due next week. What do you do?
“Navigating Uncertainty: Strategies and Techniques for Estimating Large Development and Production Programs with Imperfect Data” presents a hypothetical development and production program and walks through the steps to produce a credible rough order of magnitude estimate with imperfect data. It demonstrates how to define the estimating problem, gather cost data even in unpromising circumstances, analyse data, and develop cost estimating relationships. It also makes side trips into related topics such as regression analysis, learning curves, and risk analysis.
