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What is Model-Based Cost Engineering™ (MBCE™)?

Definition: A cost engineering approach that applies scientific principles and techniques to cost, schedule, uncertainty estimation, cost control, business planning, management science, profitability analysis, project management, and planning and scheduling.

Proven. Data-driven. Rapid.

MBCE™ is an integral part of the technical baseline, dynamically linking cost, schedule, and uncertainty to technical requirements, including analysis, design, implementation, and verification of a capability, system, product, or component. MBCE™ leverages predictive power delivered through an integration framework, supervised predictive models, data analytics, cost element mapping, and enterprise data integration to provide total lifecycle estimation.

 

Addressing Common Challenges. Take a Closer Look.