Certified Systems Engineering Professional Csep · Free Practice Question Easy
Question 37
[ID-4017] "It compares the proposed system with one or more similar ones."
Which method for conducting LCC analysis best suits this description?
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A
Parametric
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B
Analogy
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C
Analysis
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D
Expert judgment
Reveal correct answer
Correct answer: B
A.
Parametric analysis involves using mathematical models and historical data to estimate costs. See INCOSE SE Handbook 5th Ed., section 3.1.2., p.165.
B.
Analogy involves comparing the proposed system with one or more similar systems to estimate costs and benefits. This method helps in making informed decisions based on past experiences and existing systems. See INCOSE SE Handbook 5th Ed., section 3.1.2., p.165.
C.
A made up term. See INCOSE SE Handbook 5th Ed., section 3.1.2., p.165.
D.
Expert judgment involves seeking input and insights from subject matter experts to make the estimates. See INCOSE SE Handbook 5th Ed., section 3.1.2., p.165.
Discussion
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