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A Bumpy Road: Estimating Software Costs in the Automotive Industry
As the automotive industry speeds towards a future dominated by electric and autonomous vehicles, the role of software has become crucial—and problematic. Recent issues at General Motors (GM) and other car manufacturers highlight the growing pains and financial hurdles of integrating complex software into vehicles. Examining these challenges reveals the importance of producing reliable software […]
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Automotive Software Development Costs: A Cost Engineering Guide
The automotive industry is one of the most complex industries in the world, with multiple (and sometimes competing) factors affecting its performance, not the least of which include technological advancement, environmental regulations, and competition. As a result, manufacturers must ensure they deliver products that stay abreast of disruptive trends, meet regulatory requirements and consumer expectations, […]
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What is Parametric Cost Estimation?
Parametric cost estimating is a statistical method that requires quantitative input. It’s a disciplined, objective approach that’s relatively quick to use and whose results are sensitive to changes in the value of the selected parameters. This approach is useful when available information is not very detailed, as this method considers past data and trends and […]
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Unraveling the Digital Thread: A Tale of Transformation and Metrics
The Revolutionary Thread A data concept has recently emerged in modern business: the digital thread initiative. This isn’t just a run-of-the-mill technological development. It’s a revolutionary approach to reshaping how organizations conceive, create, and maintain their products and systems. A digital thread is a lifeline of data, weaving through the structure of an organization, linking […]
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The Economics of Defense: Navigating Through Pentagon Procurements
Strategic Withdrawal Defense contractors are turning down business from their largest and most reliable client, the Pentagon. This growing trend, publicized in a recent article by the Wall Street Journal, isn’t just a fluctuation in the defense industry’s business practices; it’s a stark indication of the deep-seated challenges now facing those who operate within this […]
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