Cost Estimation
One of the most significant factors in successfully delivering engineering projects is the ability to accurately estimate the resources (cost, effort, schedule, staffing) required to meet the program mission. Properly estimating the resource requirements of a project requires transparent, repeatable, and well defined methodologies, as well as a deep knowledge of both the engineering and economic factors that influence results. Sound investment decisions are impossible without credible resource projections.
- Deep knowledge of industry resource estimating standards and models (SEER, SLIM, COCOMO II, Construx Estimate)
- Program affordability analysis which optimizes resource allocation and minimizes risks
- Expertise in multiple, structured estimation methodologies (parametric, analogous, engineering build-up, IFPUG function point analysis, etc.) which adheres to OMB and GAO guidance
- Development of detailed LCCE (Life Cycle Cost Estimates)
The ability to generate reliable cost estimates is a critical function, necessary to support sound investment decisions. Without this ability, agencies are at risk of experiencing cost overruns, missed deadlines, and performance shortfalls. Flatirons’ cost estimating methodology is a compilation of best practices that industry and federal cost estimating organizations use to develop and maintain reliable cost estimates throughout the life of a program.
Flatirons Solutions provides development of functional and technical baseline description(s) of the program and its accompanying cost structure then intelligently applies empirical-based analysis techniques to forecast the risk-adjusted resources required to deliver with confidence. Let Flatirons Solutions demonstrate how a more rigorous approach to cost estimation can help your agency's IT organization become more efficient and successful.
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