Are there any existing programs that have available cost data to serve as a benchmark for our cost estimate?
When conducting cost estimates of any kind for a program that has no data, the most effective solution would be to look to similar programs. For example, if the program is a new wheeled vehicle, are there any wheeled vehicle programs that could provide some information to be used as a baseline.
As each program and each supply chain is unique some of the key questions to consider are: what type of a program is it; where in the lifecycle is the program; what is the supply chain management strategy; what is the acceptable risk level to the program across the supply chain.
Recommend reviewing the Risk, Issue, and Opportunity Management Guide located at the following link: