Abstract

NASA depends on its engineering cost community to provide cost estimates for new programs and projects, yet management often discounts the value of these cost estimates. This article examines the reasons for management's reluctance to embrace engineering cost estimates from the perspective of professional experience. The focus will be on areas under the control of the cost estimator: model development, estimation of cost, and presentation of results. Specific topics addressed include the role of the cost estimator in program/project formulation, cost model development approaches, and communication between the estimator, other engineering disciplines, and management.

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