Procedures and Software for Assessing Uncertainty in Cost Estimates
Published Date: June 1, 1995
With extensive literature on the treatment of uncertainty in cost estimates, and because several uncertainty software packages are now available, the Naval Center for Cost Analysis asked the Center for Naval Analyses to conduct a study with the objective of evaluating the procedures and software that it now employs. This report begins with a discussion of introductory analytical issues and then focuses on the software packages that were evaluated. Additional analytical questions are addressed in connection with those evaluations.
