## Cost Estimating

### 2-Day Course

### $1390 per person

### Summary

This two-day course covers the primary methods for cost estimation needed in systems development, including parametric estimation, activity-based costing, life cycle estimation, and probabilistic modeling. The estimation methods are placed in context of a Work Breakdown Structure and program schedules, while explaining the entire estimation process.

Emphasis is also placed on using cost models to perform trade studies and calibrating cost models to improve their accuracy. Participants will learn how to use cost models through real-life case studies. Common pitfalls in cost estimation will be discussed including behavioral influences that can impact the quality of cost estimates. We conclude with a review of the state-of-theart in cost estimation.

### Instructors

Ricardo Valerdi, is a Research Associate at MIT and the developer of the COSYSMO model for estimating systems engineering effort. Dr. Valerdi’s work has been used by BAE Systems, Boeing, General Dynamics, L-3 Communications, Lockheed Martin, Northrop Grumman, Raytheon, and SAIC. Dr. Valerdi is a Visiting Associate of the Center for Systems and Software Engineering at the University of Southern California where he earned his Ph.D. in Industrial & Systems Engineering. Previously, he worked at The Aerospace Corporation, Motorola and General Instrument. He served on the Board of Directors of INCOSE, is an Editorial Advisor of the Journal of Cost Analysis and Parametrics, and is the author of the book The Constructive Systems Engineering Cost Model (COSYSMO): Quantifying the Costs of Systems Engineering Effort in Complex Systems (VDM Verlag, 2008).

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