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QUELCE Cost Estimation Method

October 2015 Brochure

This information sheet introduces the Quantifying Uncertainty in Early Lifecycle Cost Estimation (QUELCE) method, which enables more accurate cost estimates.

Publisher:

Software Engineering Institute

Abstract

Cost overruns in large-scale programs are common, with a $32 billion cost overrun growth in the DoD R&D portfolio for the past five years alone. Studies have implicated poor cost estimation, including early lifecycle estimates, as a contributor. QUELCE is a new approach to cost estimation that provides better estimates by producing more informed inputs to existing estimating processes and tools. It is a repeatable method that anticipates and documents risks and sources of uncertainty that may impact future cost.