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What is Parametric Cost Estimation?

Posted by on March 28, 2024 8:41 am
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Parametric cost estimating is a statistical method that requires quantitative input. It’s a disciplined, objective approach that’s relatively quick to use and whose results are sensitive to changes in the value of the selected parameters. This approach is useful when available information is not very detailed, as this method considers past data and trends and […]

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Categories:  Cost Engineering
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Unraveling the Digital Thread: A Tale of Transformation and Metrics

Posted by on March 6, 2024 4:30 pm
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The Revolutionary Thread A data concept has recently emerged in modern business: the digital thread initiative. This isn’t just a run-of-the-mill technological development. It’s a revolutionary approach to reshaping how organizations conceive, create, and maintain their products and systems. A digital thread is a lifeline of data, weaving through the structure of an organization, linking […]

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Categories:  Cost Engineering
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The Economics of Defense: Navigating Through Pentagon Procurements

Posted by on February 22, 2024 1:57 pm
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Strategic Withdrawal Defense contractors are turning down business from their largest and most reliable client, the Pentagon. This growing trend, publicized in a recent article by the Wall Street Journal, isn’t just a fluctuation in the defense industry’s business practices; it’s a stark indication of the deep-seated challenges now facing those who operate within this […]

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Categories:  Cost Engineering
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GovCon Back Office Wisdom: Year in Review

Posted by on February 15, 2024 12:34 pm
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A year ago, I embarked on a journey with Unison, bringing a suitcase filled with experiences in introducing new technology to the government – from cybersecurity to Data Analytics and Data Security software. But here’s the twist: many times, in my career, contracting has been pigeonholed into the big, cumbersome elephant in the room, often […]

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Categories:  Cost Engineering Contract Lifecycle Management
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Data as Doctrine: A Cost Engineer’s Creed

Posted by on September 14, 2023 7:00 am
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The Golden Rule: Bring the Data W.E. Deming’s famous words, “In God we trust. All others must bring data,” isn’t just a witty joke—it’s the bedrock of any disciplined approach to problem-solving. Deming’s point illuminates the indispensable role of data, measurement, and analysis in evaluating current performance against pre-established standards. In essence, it’s the cornerstone […]

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Categories:  Cost Engineering