An effective cost estimating system is essential for any company,
especially those that bid on U.S. Government contracts. Not only are
reliable cost estimates necessary to ensure the competitiveness and
profitability of contract proposals, an auditable and supportable
estimating system is required by U.S. Federal Acquisition Regulations. To
comply with these regulations, contractors use a variety of techniques to
develop estimates for proposals submitted to the Government, including
methods such as analogous cost, bottoms-up estimates, and parametric
estimating techniques.
Parametric cost estimating techniques are recommended by the U.S.
Department of Defense as a 'best practice" for cost estimating.
PCM/Designer and PCM/Estimator are revolutionary software tools that make
parametric cost estimating techniques easier and less expensive to
implement. You can do it the hard way - or you can do it the PCM way!
PCM/Designer stands for Project Cost Model Designer. This software helps
you develop sophisticated cost models for project cost estimating in
fields such as engineering, product development, and service industries.
More importantly, PCM/Designer lets you develop custom cost models based
on your company processes, systems, procedures, culture, and way of doing
business. PCM/Designer does not employ "industry averages" or "norms".
Key Benefits of PCM/Designer -
Helps you quickly and efficiently design sophisticated project cost
models.
Uses parametric cost estimating techniques recommended by the U.S.
Department of Defense as a "best practice" for cost estimating.
Automatically derives cost estimating relationships using cost data from
your company's past projects.
Allows you to incorporate and deploy cost estimating relationships you
may have derived by other means.
Provides features to help you test and validate the accuracy of your cost
models.
Provides a complete set of reports to thoroughly document your cost
models for documentation and/or audit purposes.
PCM/Designer is particularly well suited to developing estimating systems
for government contract proposals which frequently undergo detailed
audits. It can help you produce the highest quality project cost estimates
in a fraction of the time and effort of traditional methods.
If you are not familiar with the use of cost models, click here for a
brief definition and description of how they are used.
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