AACE CEP Complex Estimating Problems

Complex estimating problems test whether you can handle uncertainty, mixed data quality, and competing cost drivers without losing the estimate purpose.

This chapter focuses on estimate elements that often create scenario difficulty: quantity growth, price movement, productivity, escalation, contingency, indirect costs, and risk. The stronger answer separates the cost drivers before recommending a number or management action.

The sections cover risk and contingency judgment, then escalation, indirects, and economic decision support.

In this section

• AACE CEP Risk, Contingency, and Uncertainty in Estimates
  Study AACE CEP Risk, Contingency, and Uncertainty in Estimates: key concepts, common traps, and exam decision cues.
• AACE CEP Escalation, Indirects, and Economic Decision Support
  Study AACE CEP Escalation, Indirects, and Economic Decision Support: key concepts, common traps, and exam decision cues.