Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

All Aerospace Company has been asked to provide a Rough Oder of Magnitude (ROM) cost estimate for new training aircraft, so the expert Opinion method

All Aerospace Company has been asked to provide a Rough Oder of Magnitude (ROM) cost estimate for new training aircraft, so the expert Opinion method to derive the ROM. Two years later, the customer releases a request for Proposal (RFP) for a new training aircraft. The All Aerospace Company decides to bid on the effort-they have 30 days to respond to the RFP. Which cost estimating technique should they used? A) Analog; B) Comparison; C) Parametric; D) Expert Opinion

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management Strategies For Business Decisions

Authors: Ronald Hilton, Michael Maher, Frank Selto

4th Edition

0073526800, 9780073526805

More Books

Students also viewed these General Management questions

Question

Relax your shoulders

Answered: 1 week ago

Question

Keep your head straight on your shoulders

Answered: 1 week ago

Question

Be straight in the back without blowing out the chest

Answered: 1 week ago