TY - GEN
T1 - Application and refinement of the early lifecycle cost estimation model
T2 - 12th Annual IEEE International Systems Conference, SysCon 2018
AU - Werner, Kyle
AU - Raymond, Christopher
AU - Kumar, Sai
AU - Aukerman, Alex
AU - Ryan, Major Thomas
AU - Valerdi, Ricardo
N1 - Publisher Copyright:
© 2018 IEEE.
PY - 2018/5/30
Y1 - 2018/5/30
N2 - The United States Department of Defense (DoD) is continuously improving its fiscal stewardship. Engineered Resilient Systems (ERS) strives to provide the DoD with comprehensive analysis of systems throughout the acquisition process. In this pursuit of this financial efficiency, ERS has decided to build a cost complement through parametric modeling. While there already have been strides towards better cost estimation techniques, the Early Lifecycle Cost Estimation (ELCE) model represents a unique attempt to provide a cost estimate for an entire system lifecycle at a pre-milestone A (PMA) stage. This paper specifically demonstrates the ELCE model using cost data from the Joint Light Tactical Vehicle (JLTV), establishing the ability of the model to expand beyond initial calibration of the first proof of concept. Utilizing the uniquely engineered inputs for PM-A cost estimation, this research demonstrated the capability of the model to predict lifecycle cost for multiple systems. As a second proof of concept, the JLTV demonstrates the expandability of the ELCE model, which identifies a potential method for improvement in current PM-A cost estimation techniques.
AB - The United States Department of Defense (DoD) is continuously improving its fiscal stewardship. Engineered Resilient Systems (ERS) strives to provide the DoD with comprehensive analysis of systems throughout the acquisition process. In this pursuit of this financial efficiency, ERS has decided to build a cost complement through parametric modeling. While there already have been strides towards better cost estimation techniques, the Early Lifecycle Cost Estimation (ELCE) model represents a unique attempt to provide a cost estimate for an entire system lifecycle at a pre-milestone A (PMA) stage. This paper specifically demonstrates the ELCE model using cost data from the Joint Light Tactical Vehicle (JLTV), establishing the ability of the model to expand beyond initial calibration of the first proof of concept. Utilizing the uniquely engineered inputs for PM-A cost estimation, this research demonstrated the capability of the model to predict lifecycle cost for multiple systems. As a second proof of concept, the JLTV demonstrates the expandability of the ELCE model, which identifies a potential method for improvement in current PM-A cost estimation techniques.
KW - Acquisitions
KW - COCOMO II
KW - COSYSMO
KW - Cost Estimation Relationships
KW - Costing
KW - Engineered Resilient Systems
KW - Hardware Estimation
KW - Lifecycle
KW - Project Management
KW - Project Management Estimation
KW - Software Estimation
KW - Systems Engineering Estimation
UR - http://www.scopus.com/inward/record.url?scp=85048858422&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85048858422&partnerID=8YFLogxK
U2 - 10.1109/SYSCON.2018.8369578
DO - 10.1109/SYSCON.2018.8369578
M3 - Conference contribution
AN - SCOPUS:85048858422
T3 - 12th Annual IEEE International Systems Conference, SysCon 2018 - Proceedings
SP - 1
EP - 7
BT - 12th Annual IEEE International Systems Conference, SysCon 2018 - Proceedings
PB - Institute of Electrical and Electronics Engineers Inc.
Y2 - 24 April 2018 through 26 April 2018
ER -