Cost Estimating and Analysis
Throughout a project’s life cycle, programs and projects will participate in a range of cost estimating and analysis activities. Diligent cost estimating and analysis is performed throughout project Formulation and Implementation phases, assuming many forms along the way: LCC estimates, non-advocate estimates, source selections, what-if exercises, affordability studies, joint confidence analyses, and many other manifestations that support numerous types of program, project, and Agency decisions.
The Cost Estimating and Analysis function strives to:
- Ensure that Agency policy and guidance documents reflect consistent information regarding how to meet cost estimating and analysis requirements
- Reinforce existing and establish new sustainable best practices for cost estimating and analysis
- Establish a community of practice that can strengthen the cost estimating and analysis capabilities through Agency-wide communication (best practices, lessons learned, etc.), improvement of methodologies and tools, and training of personnel
- Provide reach-back for Programs and projects with respect to cost assessment expertise
- Work with other programmatic disciplines to ensure an integrated approach to advancing the cost estimating, analysis, and assessment capabilities through data collection and research
Cost Estimating and Analysis Guidance Documents
Cost Analysis Working Group: CAWG | MS Teams (NASA Only)