Accession Number : ADP000641
Title : Cost Estimating for R&D Programs,
Corporate Author : FRANKFORD ARSENAL PHILADELPHIA PA
Personal Author(s) : Dougherty,Edward E.
Report Date : 1973
Pagination or Media Count : 10
Abstract : While scientific and engineering techniques can be applied to estimating the cost of R/D programs, the estimating task is not, and will probably never be an exact science. An idea of the precision of the estimate can be obtained through use of an uncertainty analysis. This provides the odds related to potential program cost, and a manager with a feeling for statistics be able to render a sound decision based on this data. An attempt to relate the results of several cost uncertainty analyses to actual costs would undoubtedly be a fruitful area for future effort.
Descriptors : *Operations research, *Cost estimates, *Planning programming budgeting, *Army planning, Symposia, Army research, Management planning and control, Financial management, Costs, Accounting, Forecasting, Statistical analysis
Distribution Statement : APPROVED FOR PUBLIC RELEASE