Garrett, Gregory A.; Calhoon, Brent A.
November 2008
Contract Management;Nov2008, Vol. 48 Issue 11, p40
Academic Journal
The article explains the concept of the critical fundamentals of cost estimating. It states that cost estimating is an important element of all sound economic decisions such as planning a family vacation and participating on a government team to evaluate a major new system. The common types of cost estimates are discussed including the analysis of alternatives (AOA), cost effectiveness analysis (CEA) and economic analysis. In connection, the article also presents the process of preparing the cost estimates.


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