Systems Cost Engineering

Parametric cost estimating models can be used for cost and schedule estimation for complex projects involving engineering, hardware, software, service, and IT. This book will help cost engineers and program directors understand and apply parametrics, and enable project sponsors and bid managers to communicate project risks, opportunities, and benefits to stakeholders and project owners. Each chapter explores a different application of parametrics, based on real-life case examples, and explains the rationale and value of cost engineering in a different industry or program context. Aspects covered include preparing bids, validating quotations from suppliers, assessing software, creating home-grown parametric models, and conducting life-cycle costing. B&w screenshots, figures, and tables are included, along with a glossary. Author Shermon, a consultant, has held estimating positions in various defense and aerospace companies. Annotation c2009 Book News, Inc., Portland, OR (booknews.com)

Dale Shermon is Principal Consultant and Opportunities Manager for the Through Life Cost Management team in HVR Practice, QinetiQ. Dale has presented courses in hardware estimating, software estimating, life cycle cost, Cost Estimating Relationships, Information Technology, risk analysis and supplier assessment in the UK, Sweden, Italy, USA, Australia, Singapore, Taiwan and Germany. He has conducted consulting assignments in UK, Italy, France, Australia and the Netherlands. He was responsible for the development of the "PRICE HL Questionnaire" within the PRICE Estimating Suite and the TruePlanning for Concepts parametric cost model. Dale was previously working as a Senior Executive Consultant for PRICE Systems and a Cost Forecaster within Pricing and Forecasting Group (PFG) part of the UK Ministry of Defence (MOD). He headed a cell studying submarine platform Whole Life Cycle (WLC) Costs that supported MOD project approvals. Dale has held estimating positions in various defence and aerospace companies including; Matra Marconi Space, British Aerospace (Space Systems) Ltd, British Aerospace (Dynamics) Ltd. and Rolls-Royce Ltd. Military Engine Group. During his period in the MOD he performed High Level Studies covering all of the armed services. In 2009 he was given the Frank Freiman Award for his work on parametrics by the International Society of Parametric Analysts (ISPA).