cost realism analysis

  

Definition

Review and evaluation of all or specific cost elements of a bid or proposal to ascertain its level of cost realism. This analysis asks questions such as: (1) is the offer based on realistic assumptions? (2) does it show sufficient understanding of the requirements? (3) are its various parts consistent with one another? (4) is the cost/price data current, reasonably accurate, and verifiable? (5) does the whole thing make sense in view of the experience?

Related Videos




http://www.businessdictionary.com/definition/cost-realism-analysis.html

Featured Sponsor

Have a question about this term? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z