GAO Cost Estimating and Assessment Guide: Best Practices for Developing and Managing Capital Program Costs

The CAST / Galorath meeting in the Washington DC area included excellent presentations and speakers. Thanks to GAO’s Karen Ritchie for her presentation covering the GAO Cost Estimating and Assessment Guide.

Karen’s presentation: GAO Cost Estimating and Assessment Guide: Best Practices for Developing and Managing Capital Program Costs covered the need for repeatable estimating process, and the concepts and lessons learned from the cost assessment guide.

GAO-12-step-process

 

Purpose of the Guide is to

  • Address best practices for ensuring credible program cost estimates for both government and industry
  • Provide a detailed link between cost estimating and Earned Value Management (EVM)
  • Highlight OMB’s endorsement of  EVM for measuring cost, schedule, and technical performance
  • Guide demonstrates how realistic cost and schedule estimates are necessary for setting achievable program baselines and managing risk

The guide includes a 12 step estimating process as well as checklists for auditing estimates and estimation processes.

Go Back

Related Resources

Live Training: Effective Ways to Realistically Achieve Savings

Zoom Webinar: Thursday, October 28 @ 10 am PT / 1 pm ET Video will be made available to registrants … Read More Live Training: Effective Ways to Realistically Achieve Savings

Read More

Why Function Points?

Quantitative software measurement extends significant benefits to IT organizations. Relatively few successful, robust, and mature measurement frameworks have been implemented.Function … Read More Why Function Points?

Read More

The impact of COVID-19 on Your Cybersecurity Budget

In response to the pandemic, plenty of organizations had to re-invent themselves or significantly change the way they do business. … Read More The impact of COVID-19 on Your Cybersecurity Budget

Read More