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Systems Cost Engineering - Program Affordability Management and Cost Control (Paperback)
Loot Price: R1,696
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Systems Cost Engineering - Program Affordability Management and Cost Control (Paperback)
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Parametric cost estimating models are flexible tools which bring
engineering, scientific and mathematical rigour to cost and
schedule estimating, but great tools alone will not keep programs
affordable. Tools must be applied as part of a credible process if
estimates and analyses are to be accepted. Complex major projects
involving engineering, hardware, software, service and IT, all
suffer from two basic problems: the project sponsors often struggle
to specify the project effectively, and project managers find
themselves wrestling with unpredicted cost or schedule overruns.
Everyone wants to be successful with the tools and solutions they
use, so this book is a comprehensive collection of methods with
proven success. The applications described by Dale Shermon and his
co-authors have evolved over 30 years of cost engineering
experience during which time they have been matured by the
parametric community. Each chapter explores a different application
of parametrics, based on real-life case examples, providing you
with a detailed guide to the rationale and value of cost
engineering in a different industry or program context. Systems
Cost Engineering will help cost engineers, project and program
directors, and the champions that support them, to understand and
apply parametrics to ensure that their programs: * offer a credible
analysis of alternative cost options * are never initiated with
insufficient funding because of inaccurate estimates of cost or
quantification of risks * are never diverted from their objective
because of a lack of credible cost management * share and
communicate knowledge of realistic and dynamic cost and
productivity metrics amongst the program team * are never derailed
by surprise cost overruns or schedule delays The information in
this book will give projects sponsors and bid managers confidence
in the business case that they are developing and enable them to
communicate a clear and transparent picture of the risks,
opportunities and benefits to stakeholders and project owners.
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