by Arlene Minkiewicz
| September 19, 2014
Here’s a cool project. The Bloodhound Project is focused on building a land vehicle capable of breaking the 1000mph speed barrier. The mission of the project is twofold. The first is to “overcome the impossible using science, technology, engineering and mathematics”. But the second is more interesting – this project is intended as motivation for the upcoming generation to embrace technology related fields. Britain doesn’t have enough students interested in such fields and they are worried about their ability to compete in technological forays going forward.
But how much should something like this cost and how could they possibly figure it out? There is no historical data on which to base an estimate – no one has ever done this before. And of course, they are currently in trouble, expecting the cost to rise above the 6.6m (British Pounds) original estimate for researching, designing and building the vehicle So just for fun I thought I would look at the project from a parametric perspective. I did a quick search to determine the weight of the car (6 tonnes or 13228lbs), made some assumptions about the complexity and engineering difficulty, and ran the whole lot through the TruePlanning for Hardware Model. While the technical information I was working with was scanty – I was able to come up with an estimate of 8.6m (British Pounds). Hopefully, for the project team, my assumptions on complexity were overstated and the project completes successfully within the original estimate. Regardless it certainly is a creative, if somewhat expensive, way to grow new engineers.