Download

Download eBook for Free

FormatFile SizeNotes
PDF file 3.4 MB

Use Adobe Acrobat Reader version 10 or higher for the best experience.

Purchase

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback103 pages $9.00 $7.20 20% Web Discount

Cost growth (meaning the underrun or overrun of actual vs. estimated costs) is an enduring and prevalent problem in weapon system development. In tight budgetary times, the problem is intensified because a systematic bias in cost estimates can undermine the basis of resource allocation decisions. This exploratory analysis attempts to quantify the magnitude of cost growth in weapon system programs, and identify factors affecting cost growth. The study revealed that cost estimates are systematically biased toward underestimation, resulting in an average program cost growth of 20%.

Research conducted by

This report is part of the RAND Corporation monograph report series. The monograph/report was a product of the RAND Corporation from 1993 to 2003. RAND monograph/reports presented major research findings that addressed the challenges facing the public and private sectors. They included executive summaries, technical documentation, and synthesis pieces.

Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.