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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.
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.
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Leverage the predictive power delivered through an integration framework, supervised predictive models, data analytics, cost element mapping, and enterprise data integration to provide total lifecycle estimation.
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Discuss Model-Based Cost Engineering™ with a PRICE® SME. They will demonstrate our expertise, best practices, and research-driven technology to estimate cost, schedule, and uncertainty.
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Commercial organizations across industries integrate our unique MBCE™ capabilities into everything from Bid/No Bid Analysis to Basis-of-Estimate.
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