Just so you know... Cost Function Relationships
Cost-function relationships identify areas of opportunity for the value analysis team. These are functions that are not providing good value. A cost-function worksheet is used to identify cost mismatches and determine whether there is a more economical way to satisfy the function.
Presentation explains the probablistic approach to risk based cost and schedule estimates used by Washington State Department of Transportation to estimate the range of costs in large projects. Briefly discusses connection of risk based estimating to VE.
Describes typical risk management approaches, Pratt and Whitney Canada's risk management in their product development process, describes how complexity assessments measure level of difficulty of a proposed project and how using this approach ensures risk assessments are not techno centric. Part of a project portfolio management system.
Presentation explains the probablistic approach to risk based cost and schedule estimates used by Washington State Department of Transportation to estimate the range of costs in large projects. Briefly discusses connection of risk based estimating to VE.
Describes typical risk management approaches, Pratt and Whitney Canada's risk management in their product development process, describes how complexity assessments measure level of difficulty of a proposed project and how using this approach ensures risk assessments are not techno centric. Part of a project portfolio management system.