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Confusing Precision with Accuracy — ICEAA 2017

Category: Presentations


The following presentation with the  Canadian Office of the Parliamentary Budget Office will review:

  • The short history of PBO Budget Sufficiency Analysis
  • How data drives methodology and outcomes
    • Estimating for Budget Sufficiency
    • Precision vs. Accuracy
    • Modeling the PBS for Budget Sufficiency
  • Case Vignettes
    • JSS – How Much to Set Aside for Program Success?
    • AOPS – Is a Given Budget Sufficient for a 6-8 Ship Program?
  • Advances in Best Practices
    • Template / Test Case Approach
  • Lessons Learned