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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.
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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This brief survey allows you to quickly determine your current cost estimation methods' strengths and weaknesses—knowledge that is critical to streamlining your estimation process to create a data-driven Basis of Estimates (BOE).
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Reach out to PRICE® for a 1 on 1 meeting with a SME to learn more about our Model-Based Cost Engineering™ environment.
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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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