GAO Cost Estimating and Assessment Guide Updated

The venerable Cost Estimating and Assessment Guide (Cost Guide) has been updated for the first time since 2009!  Published in March, the 2020 version of the Cost Guide has been significantly improved.

Some of the changes include:

  • Better alignment of best practices, cost estimate characteristics, and cost estimating steps
  • Clarification of some of the best practices and their related criteria
  • Additional content in technical appendixes and revision or deletion of others
  • Update case studies and references to USA government legislation and rules
  • Modernization of the Cost Guide’s format and graphics.

The Cost Guide defines the four characteristics of a good estimate: comprehensive, well documented, accurate, and credible. It also incorporates 18 best practices and shows how the best practices align to the four characteristics. Additionally, it introduces the 12 steps of the cost estimating process that produce reliable estimates, and shows how the best practices align with the 12 steps.

Earned Value Management (EVM) remains central to the Cost Guide’s approach to managing the delivery of a project once the estimate is approved.

As with the previous version, the Guide can be downloaded free of charge from: https://www.gao.gov/products/GAO-20-195G

For more on cost management see:
https://mosaicprojects.com.au/PMKI-SCH-040.php

4 responses to “GAO Cost Estimating and Assessment Guide Updated

  1. Thanks Pat, I missed this

    Glen B. Alleman, MSSM, USC
    Integrated Program Performance Management
    DOD, DHS, DOE, NASA, DOJ, GSA, NNSA
    +1-303-241-9633
    glen.alleman@niwotridge.com

    From: Form Follows Function
    Reply-To: Mosaicproject’s Blog
    Date: Friday, May 15, 2020 at 7:17 PM
    To: Glen Alleman
    Subject: [New post] GAO Cost Estimating and Assessment Guide Updated

    Pat Weaver posted: “The venerable Cost Estimating and Assessment Guide (Cost Guide) has been updated for the first time since 2009! Published in March, the 2020 version of the Cost Guide has been significantly improved. Some of the changes include: Better alignment of “

  2. This update is a DISASTER and I have filed a formal complaint with my elected congress people, the White House and other watchdog groups.

    Compare the OLD version to the new version and you can see how the GAO DUMBED the update down and totally ignored the input from many of us.

    BR,
    Dr. PDG, Jakarta

  3. That’s the problem with committees……

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