From Product Description to Cost: A Practical Approach

Volume 1: The Parametric Approach

  • Pierre Foussier

Part of the Decision Engineering book series (DECENGIN)

Table of contents

  1. Front Matter
    Pages i-xxxii
  2. The Framework

  3. Preparing the Data

    1. Front Matter
      Pages 80-81
    2. Pages 95-104
    3. Pages 133-166
    4. Pages 167-169
  4. About General Models

  5. Using Models: Parametric Models Within a Business

    1. Front Matter
      Pages 237-240
    2. Pages 241-248
    3. Pages 249-252
    4. Pages 283-291
  6. Back Matter
    Pages 293-296

About this book


Parametric cost estimating, when properly used, is a very powerful and cost effective technique. Unfortunately, this technique is often misunderstood and rejected by many potential users for whom it could be a beneficial tool. The development of an agreement on how to use it and how to recognise its limitations is a major benefit to the cost estimating community.

From Product Description to Cost: A Practical Approach:

• presents different ways of parametrically forecasting costs, and the advantages and disadvantages of these methods by using real examples from the mechanical, software and building industries;

• discusses most of the mathematical procedures which are useful for parametrically forecasting costs; and,

• introduces the judgement needed to audit the ways in which these forecasting techniques are used, firstly as a process, and secondly as a tool to generate estimates.

Volume 1: The Parametric Approach contains four parts. Over the course of this volume, cost estimating is introduced; the preparation of data before utilization is discussed; the basic concepts of ‘general’ cost estimating models are examined; the use of cost models is considered and finally, risk analysis (as it can be used during parametric cost estimating) is introduced.

The Decision Engineering series focuses on the foundations and applications of tools and techniques related to decision engineering, and identifies their relevance in ‘engineering’ decisions. The series provides an aid to practising professionals and applied researchers in the development of tools for informed operational and business decision making, within industry, by utilising distributed organisational knowledge.


Industrie Information Norm Software calculus cost estimation cost modelling development model risk analysis

Authors and affiliations

  • Pierre Foussier
    • 1
  1. 1.Voisins le BretonneuxFrance

Bibliographic information

  • DOI
  • Copyright Information Springer-Verlag London Limited 2006
  • Publisher Name Springer, London
  • eBook Packages Engineering
  • Print ISBN 978-1-85233-973-9
  • Online ISBN 978-1-84628-335-2
  • Series Print ISSN 1619-5736
  • Buy this book on publisher's site
Industry Sectors
Chemical Manufacturing
Finance, Business & Banking
Consumer Packaged Goods
Energy, Utilities & Environment
Oil, Gas & Geosciences