Dan Galorath is founder and CEO of Galorath, a leader in cost estimation, actionable data and expertise for informed decision-making. Cost engineering has always been pivotal in balancing project ...

The goal of engineering analysis is to use models of the real world to simulate and predict the performance of a design with confidence, explore design modifications, and inform downstream ...

What is Cost Benefit Analysis? Examples and Steps Cost benefit analysis is a strategy used by businesses and individuals to weigh the potential outcome of an action in order to make a decision.

A cost analysis involves the process of reporting separate elements in a cost proposal, such as labor, equipment and materials that make up a product or service, as well as its proposed profit. It is ...

The ability to consistently get accurate cost estimates for new products and parts is elusive. Cost estimates are inherently imprecise, and the underlying drivers can change daily based on the price ...

This is an overview of what cost analysis is all about, the types of cost analyses we implement at the IRC and what kinds of questions they can answer. Watch the full Cost analysis in Excel playlist.

Cost and price analysis are two different approaches to making decisions on the appropriate value of products or services prior to purchase. These types of analyses are used by government agencies as ...

The NAFA Fleet Management Association has produced a narrated learning presentation that explains the intricacies of lifecycle cost analysis. NAFA's new Lifecycle Cost Analysis for Fleets was created ...

The world of microeconomics and business decision-making hinges upon a key concept: marginal cost. In the simplest terms, marginal cost represents the expense incurred to produce an additional unit of ...