Decision Engineering: Volume 2: Building a Specific Model

Foussier, Pierre Marie Maurice

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.

Details

Published by: Springer

Publication Date: 2010-10-22

Format: Paperback

ISBN-13: 9781849965491

DOI: 10.1007/b137411

Dimensions: 235cm x155cm

Pages: 362