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Should Cost Model – Should Cost Analysis For Projects

  • August 17, 2022
  • Updated on: September 19, 2023

The advantages of outsourcing a project can be substantial – allowing your organization to free up internal resources, gain access to world-class capabilities, and increase revenue potential. Of course, there can also be significant cost savings.

However, to utilize these advantages, you must have a clear understanding of what you should be paying for an outsourced project. Without knowing the “should cost”, there is a strong likelihood that you will either be paying too much or requiring more hands-on attention than you originally anticipated.

A should cost analysis provides a solution that can give you the knowledge, data, and framework to empower you with the information you need to determine fair market pricing when negotiating with outsourced vendors. With the SEER project management tools from Galorath, you can create an accurate should cost model that enables you to effectively negotiate with suppliers while maximizing profitability through the optimization of a variety of critical parameters.

SEER’s “should cost” models provide the credible and defendable estimates necessary to effectively negotiate and give the insight to compare outsourcing options with in-house capabilities.

For nearly three decades, Galorath Incorporated has been dedicated to the mathematical science of parametrics in the application of cost estimation technology, developing solutions that assist project estimation, planning and management. SEER by Galorath solutions combine an intuitive interface, extensive project-applicable knowledge bases, sophisticated should-cost and project-modeling technologies and rich reporting features to accurately forecast real-world outcomes by combining advanced modeling technology with a database of industry and user-defined metrics.

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