Cost estimating relationship method

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You are the owner/CEO of a large business that can take an idea from concept phase to full production within a very short window due to the use of robotics in your machinery department. You are ready to expand your business by competing for government contracts for very unique products.

Analyze the differences between the Cost Estimating Relationship (CER) method and the Engineered Cost Estimate method and which approach to Life-Cycle Costing (LCC) approach would be best for the business.

Evaluate the design-to-cost (DTC) changes that have occurred in the government's approach and how will it impact the ability to compete.

Analyze the role of cost as a key independent variable in the production of very unique products.

Determine which element(s) of cost-reimbursement contracts tend to produce the biggest troubles for a specific company and why.

Use at least two (2) quality resources in this assignment.

Reference no: EM132706956

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