Description
Assignment 3: Week 3: Term Project Part 1 – Outline
The topic for your paper has to relate to one of the course learning objectives. Read the learning objectives, and you decide which one might lend itself to a paper topic that would be of interest to you.
Write an outline of your research topic paper. This outline can follow the following format as far as section headings, but you do not have to follow it. You can add more sections. But there must be at least four sections highlighted by * and section titles. Include at least 100 words per section that you use.
Abstract
Introduction*
Background
Literature Review*
Findings*
Conclusion*
Summary
Future Research Recommendation
Incorporate at least one reference from articles listed within the online APUS library.
- Written communication: Written communication is free of errors that detract from the overall message.
- APA formatting: Resources and citations are formatted according to APA style and formatting.
- Length of paper: typed, double-spaced pages with no less than two pages.
- Font and font size: Times New Roman, 12 point.
Explanation & Answer
Attached.
1
The Importance of Accurate Cost Estimation in Federal Acquisitions
Student’s Name
Institution Affiliation
Professor’s Name
Course
Date
2
The Importance of Accurate Cost Estimation in Federal Acquisitions
I. Abstract
•
This paper examines how costs for federal acquisition programs are estimated and the
difficulties in estimating accurately.
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The paper examines how federal budget processes relate to cost forecasting and reports
empirical findings on acquisition cost trends.
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Also, the paper discusses the subjective components, such as personal biases and risk
perceptions, that govern how the decision-makers of the estimators will estimate the
project cost.
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The objective of the study is to propose solutions to enhance the accuracy of cost
estimates further to achieve acquisition programs that are more reliable and efficient. It
explains solutions to improve the overall accuracy and reliability of future cost estimates
based on related empirical research and existing literature.
II. Introduction
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Federal acquisition success depends on cost estimation because it accurately funds
projects within budget. The paper discusses systemic constraints and human decisionmaking and provides practical advice on improving cost estimation in federal acquisitions.
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Estimates are accurate to avoid wasting money and obtain efficient resource allocation.
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The federal budget process significantly influences the cost estimation environment, as
decisions are made regarding how much money should be allocated to acquisition
programs (National Priorit...
