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  • Predictive Analytics for Improved Cost Management

PRICE Systems to Host Webinar Showcasing GAO Cost Assessment Guide; Best Practices for Estimating, Managing Program Costs

October 24th Webinar to Provide Practical Guidance to Enable Greater Program Cost and Outcome Accountability

Government Accountability Office (GAO) Senior Cost Analyst and developer of the GAO Cost Assessment Guide Karen Richey, PRICE Systems Senior Director–Government Solutions William J. Mathis, and IDC Director of Research Shawn McCarthy will address the recent release of the GAO Cost Assessment Guide, which outlines best practices for estimating and management program costs, and its effects on both government and industry. Using practical, real-world implications, the Webinar will detail:

1. The importance of planning for program risk and uncertainty, risk-adjusted budgeting, and scheduling for success.

2. The critical link between cost estimation, earned value management (EVM), and risk management – how to handle end-to-end cost management, how to detect early warning signs, and how to plan for project lifecycle knowledge growth.

The GAO Cost Assessment Guide compiles Federal government best practices to create consistent methodologies for estimating and managing program costs. To augment current Federal guidance and enable government agencies to be more accountable for their program costs and outcomes, GAO developed this Guide to show transparency into how GAO will audit programs' cost estimates or EVM data. Proper use of the methodologies outlined in this Guide can help agencies avoid failed (canceled, over-budget) projects and more effectively deliver upon their missions.

This Webinar will occur Wednesday, October 24, 2007 at 12:00 p.m. EDT.

To attend this Webinar, please register.