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A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate.
Independent Government cost estimate; Market research: Market research is a critical part of knowledge-based acquisitions. Information-driven and informed decision-making requires complete information to execute successful acquisitions. FAR Part 10, Market Research, gives guidance on the process of market research and its role in Federal ...
Extensive properties. An extensive property is a physical quantity whose value is proportional to the size of the system it describes, [8] or to the quantity of matter in the system. For example, the mass of a sample is an extensive quantity; it depends on the amount of substance. The related intensive quantity is the density which is ...
Estimation (or estimating) is the process of finding an estimate or approximation, which is a value that is usable for some purpose even if input data may be incomplete, uncertain, or unstable. The value is nonetheless usable because it is derived from the best information available. [ 1] Typically, estimation involves "using the value of a ...
Independent agencies exist outside the federal executive departments (those headed by a Cabinet secretary) and the Executive Office of the President. [1]: 6 There is a further distinction between independent executive agencies and independent regulatory agencies, which have been assigned rulemaking responsibilities or authorities by Congress.
www .cbo .gov. The Congressional Budget Office ( CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. [ 1 ] Inspired by California's Legislative Analyst's Office that manages the state budget in a strictly nonpartisan fashion, the CBO was created as a ...
In colloidal and surface chemistry, the critical micelle concentration ( CMC) is defined as the concentration of surfactants above which micelles form and all additional surfactants added to the system will form micelles. [ 1] The CMC is an important characteristic of a surfactant. Before reaching the CMC, the surface tension changes strongly ...
Chemical plant cost indexes are dimensionless numbers employed to updating capital cost required to erect a chemical plant from a past date to a later time, following changes in the value of money due to inflation and deflation. Since, at any given time, the number of chemical plants is insufficient to use in a preliminary or predesign estimate ...