What is the cost Analysis Requirements Description?

The Cost Analysis Requirements Description (CARD) is a complete, detailed description of a DoD program for use in preparing an ICE, POE, CCE, CCP, or other cost estimate, as required. The foundation of a sound cost estimate is a well-defined program, and the CARD is used to articulate details about the program.

What is the purpose of the Cost Analysis Requirements Description?

Cost Analysis Requirements Description (CARD) Guidance The CARD succinctly describes the key technical, programmatic, operational, and sustainment characteristics of a program, along with supporting data sources, and provides all of the program information necessary to develop a cost estimate.

Which DoD policy document details the milestone decision process?

DoD Directive 5000.01 “Defense Acquisition System” DoD Instruction 5000.02 “Operation of the Defense Acquisition System” Improve Milestone Process – 23 June 2011.

When developing cost estimates estimators should enlist support from all interested parties?

When developing cost estimates, estimators should enlist support from all interested parties. These parties can include representatives from the financial management, contracting, logistics, engineering, and program management functions.

What is a milestone a decision?

Milestone A. Milestone A is a Milestone Decision Authority (MDA) led review at the end of the Materiel Solutions Analysis (MSA) Phase in the Defense Acquisition Process. Its purpose is to make a recommendation or seek approval to enter the Technology Maturation & Risk Reduction (TMRR) Phase.

What is the DoD acquisition process?

The Acquisition Process is the management process of a defense program. It’s an event based process where a defense program goes thru a series of processes, milestones and reviews from beginning to end. Each milestone is the culmination of a phase were it’s determined if a program will proceed into the next phase.

What are the main reasons to document your cost estimate?

Documentation provides total recall of the estimate’s detail so that it can be replicated by someone other than those who prepared it. It also serves as a reference to support future estimates.

When laying out a timeline What is a cost estimate?

When laying out a timeline for a cost estimate, it is preferable to lay out the plan chronologically from beginning to end. When developing cost estimates, estimators should enlist support from all interested parties.

What are two outputs of the TMRR phase?

What are two outputs of the Technology Maturation and Risk Reduction (TMRR) phase? a. Capability Development Document (CDD) and Reliability, Availability, and Maintainability Cost Report (RAM_C).

What is needed for a Milestone C decision review?

For Milestone C approval, the following general criteria apply: An approved Acquisition Strategy (AS). Demonstration that the production design is stable and meets stated and derived requirements based on acceptable performance in developmental test. An operational assessment.

What is acquisition life cycle?

The management framework for defense systems acquisition is also commonly referred to as the acquisition life cycle. The life cycle process takes the program through research, development, production, deployment, support, upgrade, and finally, demilitarization and disposal. …

When to use a cost analysis requirements description ( card )?

A Cost Analysis Requirements Description (CARD) is used to formally describe the acquisition program for purposes of preparing both the DoD Component Cost Estimate and the Independent Cost Estimate (ICE) for Acquisition Category (ACAT) I and ACAT IA programs.

What should be included in a cost analysis template?

Cost Analysis: Generally, there are several important parts to the cost analysis. A cost analysis template should include the three most significant parts to the analysis. First, a section is required that delves into the cost involved with the entire project. For example the cost might include labor, material, fees, and more.

What should be included in a requirements analysis document?

The results of the requirements elicitation and the analysis activities are documented in the Requirements Analysis Document (RAD). This document completely describes the system in terms of functional and nonfunctional requirements and serves as a contractual basis between the customer and the developer.

How are card tables used in cost analysis?

CARD Tables are used in the development of the CARD and describe the key technical, programmatic, and operational characteristics of an acquisition program. They help the CARD developer provides enough information to the cost estimator to develop the life-cycle cost estimate. The CADE website provides CARD Table templates that are very useful.

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