Cost Estimating Relationships for Evaluation of Rapidly Evolving Technologies

Frontier Technology, Inc., proposes to conduct research into the feasibility of demonstrating how a combination of existing tools can improve the accuracy and impact of cost estimating the application of emerging technologies to an existing and/or new system.Using a Metric Progress Analysis Engine approach to develop emerging technology cost estimating relationships, life-cycle cost estimating processes coupled with a performance utility evaluation will yield much improved cost estimating and return on investment results as a Cost Capability Analysis tool suite.Future development of a prototype software tool will reuse and integrate existing blocks of code from three separate tools (Metric Progress Analysis Engine (MPAE), Integrated Cost Estimation (ICE), and Integrated Cost As an Independent Variable (I-CAIV)) as a single, seamless Graphical User Interface that includes the necessary capabilities and features identified as a result the Phase I proof-of-concept demonstration.Once established, the cost estimating relationships can be applied to Life-Cycle Cost estimates and ultimately provide a quantifiable assessment of the return on investment for the performance impact when applied to existing or new systems.