Original Post Date: Wednesday, September 16, 2009

While most of the books on the topic of parametric modeling take a look at detailed techniques and fundamentals, such as building parent/child relationships or the mathematics behind models, Systems Cost Engineering, takes a more practical perspective to answer a very basic question:  What can parametric estimating do for my organization and how can we implement it? 

The book covers an array of business processes that can be dramatically improved with the application of a standardized parametric cost estimating framework. These processes exist across multiple phases of a program's lifecycle such as early concept planning through development and production. Chapters are devoted to various How To's such as preparing bids faster, better business planning, evaluating vendor quotes, estimating software costs and schedules and analyzing risk and uncertainty.

The book is a collaboration of work over the past 30 years in the field or parametric cost estimating. It was brought together by PRICE Systems executive, Dale Shermon, who was recently awarded the Frank Frieman Award the International Society for Parametric Analysts' highest honor.

The book is available for purchase at Amazon.com and from Gower Publishing. - See more at: http://blog.pricesystems.com/blog/price-systems/page/12#sthash.b8tncBGW.dpuf