Specifically, 1. What elements comprise a cost model? 2. Is there a DAU template for cost modeling that I can use? 3. What are the recommended accessible sources for price/performance modeling?
1. What elements comprise a cost model?
Open full Question Details
The Joint Government/Industry Parametric Cost Estimating Handbook (https://acc.dau.mil/CommunityBrowser.aspx?id=485727&lang=en-US) states "Parametric models can be classified as simple or complex. For this handbook, simple models are cost estimating relationships (CERs) consisting of one cost driver. Complex models, on the other hand, are models consisting of multiple CERs, or algorithms, to derive cost estimates."
2. Is there a DAU template for cost modeling that I can use?
Chapter 3 in the Parametric Handbook discusses the process of developing cost estimating relationships (CERs), and Appendix E contains a parametric estimating checklist. DAU and other government, agency, service, and professional society cost estimating and contract pricing handbooks will generally outline a similar process for cost modeling.
3. What are the recommended accessible sources for price/performance modeling?
Appendix K (Related Web Sites and Supplementary Information) of the Parametric Handbook provides a list of societies, commercial vendors, websites, and texts related to modeling.