Information Technology Cost Estimation Agencies Need to Address Significant Weakness in Policies and Practices Read full text in English
To estimate reliable cost for the sucess of an IT program by providing the basis for the informed decision making and realistic budget information. To assess the extent to which selected departments and agencies have appropriately implement costestimating policies an procedures(four caracteristics of a reliable cost estimation: comprehensive, well-documented, accurate, credible).
- unplanned change in technical characteristics of the program
- program's cost estimate did not fully reflect the current scope and schedule of the program
- lack of a clear derivation of the estimation
- not replicable and updatable estimate
- lack of a technical base line description
- program credibility suffers
- lack of sensitivity analysis
- lack of a risk and uncertanity analysis
- lack of cross-check with a diferent cost estimation method
- uncertanity not adequately assessed
- weakness in policy
- uncertanity not adequately assessed