Original Post Date: Friday, November 13, 2009

Recently, Dale Shermon presented a webinar, "Preparing Bids Faster with Fewer Resources".  The content for the webinar was taken, as the title of this post suggests, from the recently released book Systems Cost Engineering.

The webinar discussed how parametric estimating could dramatically decrease the time and thus the cost that is required to make important business decisions about whether or not to pursue contract opportunities. There are critical activities that organizations engage in every time there is an RFP such as Bid/No Bid decisions or competitive assessments.  So whether the RFP calls for estimating software costs or a system that requires hardware/software integration, parametric estimating can provide fast and accurate information for making decisions. PRICE has been able to save its clients millions of dollars by reducing the resources typically needed to make these decisions and ultimately win the contract.

The presentation also does a nice job of walking through the different applications of parametrics. So if you are unfamiliar with this type of estimation, Dale's commentary at the beginning of the presentation can be very useful. But I'll let you be the judge.

To download the recorded version of this webinar go here.