Historical Costs Growth of Completed Weapon System Programs. TR-343-AF.. Santa Monica, CA : RAND Corporation , 2006
From the report: “Overall, most of the studies we reviewed reported that actual costs were greater than estimates of baseline costs. The most common metric used to measure cost growth is the cost growth factor (CGF), which is defined as the ratio of the actual cost to the estimated costs. A CGF of less than 1.0 indicates that the estimate was higher than the actual cost—an underrun. When the CGF exceeds 1.0, the actual costs were higher than the estimate—an overrun.”
Authors - Arena, Mark, Leonard, Robert S., Murray, Sheila E., Younossi, ObiadSubjects
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