Conference Session

Systems Engineering Constituents Tech Session

Collection

2008 Annual Conference & Exposition

Authors

Steve Walter, Indiana University Purdue University, Fort Wayne (Eng)

Tagged Divisions

Systems Engineering Constituent Committee

is to provide insight into how moneyflows through a company, the value of tracking cost data and the importance of managingoverhead costs in increasing profitability. This subject area also includes a section on how toread, interpret and use a project cost report.The accounting section provides an opportunity to address present-day legal and ethical issues.This is especially important in the aftermath of Enron, WorldCom, and Tyco8. This discussion iscapped with a short overview of Sarbanes-Oxley compliance (SOX) and the legal requirementsto accurately estimate and report cost.Cost EstimationThe three types of cost estimation techniques are introduced (i.e., parametric, analogous andengineering estimation). The differing levels of effort