OEM COG: How to Better Estimate and Forecast Production Costs

How to Better Estimate and Forecast Production Costs:
Use Your Own Data to produce data driven defensible estimates
For the answers to these questions and more, join us for a live discussion. We will take a look at some of the biggest challenges that teams face in creating cost estimates and forecasts, as well as best practices in a production environment.
Overcoming the data challenges that hold back estimating teams
Applying the proper learning curve to the right situations to win more bids
Applying the best practices that deliver consistently higher profitability
The speakers are Fred Beck, Space Systems BD Director (Booz Allen Hamilton), Sandy Burney, Cost Strategist (Northrop Grumman), and Tom Shanahan, President and CEO (ProjStream). Collectively, we bring many years of cost estimating leadership and project management to the discussion.
In theory, estimating costs is easy, provided all the data is present. However, many OEMs that we engage with express that, in a production environment, gathering data and using it to make solid data-driven estimates is complex and a significant source of risk in practice. Challenges arise in estimating and forecasting quantities or units of production and labor.
We will reveal the best practices that position your engineers, technical SMEs, and solution architects to achieve better estimate outcomes.
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