How can we develop more accurate estimates early

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Reference no: EM131045240

During the concept exploration phase, 70-75% of the costs are typically committed. When you consider requirements creep, cost variances of ±75%, TRLs of some components of less than 3, etc., budgeting during concept exploration and advanced development allows for at best rough order of magnitude estimates. How can we develop more accurate estimates early during the product life cycle when funds typically are programmed and expectations set?

Reference no: EM131045240

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