Transcription of 2-27-13 The Drive Toward Data Driven Estimating …
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2-27-13 The Drive Toward Data Driven Estimating …
1 The Drive Toward data Driven EstimatingBoeing/Lockheed Martin/Northrop GrummanOriginal March 2011 Updated February 2013 BOE Training Material2 Background/Objectives Background:There is a significant industry effort to increase the quality of contractor Estimating processes. The industry has applied the term data Driven Estimating to this new method of developing and documenting our basis of estimates(BOEs). data Driven Estimating methods have certain characteristics that are starting to emerge as standards within our industry. Objectives: What is driving our industry Toward the use of data Driven Estimating methods and why is this a business imperative Review the current primary Estimating methods Be able to identify the characteristics of good data Driven Estimating processes and how they are represented in our BOEs What are objective-scope-measures and how are they used in a data Driven estimate Provide examples of data Driven versus non- data Driven BOEs3 data Driven Estimating - Contents BOE - Description data Driven Estimating - Definition The Future Fundamentals of data Driven Estimating Developing Relationships from History The Cost Estimating Relationship (CE)
2 Background/Objectives Background: There is a significant industry effort to increase the quality of contractor estimating processes. The industry has applied the term “data driven” estimating to this new method of developing
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