RWF Consulting for EastWise

1. RWF Consulting for EastWise 2004年10月10日 Ralph W Farrington 方若福 RWF Consulting, USA 方若福咨询 fangrf@rwfconsulting.com http://www.rwfconsulting.com/ 10 October 2004 EastWise meeting

2. Introduction • RWF Consulting - Ralph W. Farrington (方若福 ) a professional in cost estimating since 1976. • Trained in PRICE System CAPE (Computer Aided Parametric Estimating) in 1989. • Parametric estimating requires an integrated system: 10 October 2004 EastWise meeting

3. 10 October 2004 EastWise meeting

4. RWF Consulting will support EastWise and its customers development of : • Reliable databases • Experienced (trained) estimators • Calibrated and validated techniques • Policies and Procedures (Parametric estimating system requirements from PEIH 2nd edition, 1999) 10 October 2004 EastWise meeting

5. RWF Consulting will support EastWise and its customers parametric activities in China: • China support of train-the-EastWise-trainer activity. • China support of EastWise training of its customers. • China presence for EastWise support of its customers 10 October 2004 EastWise meeting

6. Vocabulary • Parametric Cost Estimating参 数 化 估 算(方 法) – a cost estimating methodology using statistical relationships between historical costs and other program variables such as system physical or performance characteristics, contractor output measures, and manpower loading. An estimating technique that employs one or more cost estimating relationships (CERs) for the measurement of costs associated with the development, manufacture, and/or modification of a specified end item based on its technical, physical, or other characteristics. (PEIH 2nd edition, 1999) • PEIH – Parametric Estimating Initiative Handbook, 2nd edition (1999) available at: http://www.ispa-cost.org/PEIWeb/newbook.htm 10 October 2004 EastWise meeting

7. RWF Consulting Long-term Plan • Continued support for EastWise, Prigent and PRICE Systems in China and Asia. • Establish a training center in China to develop a core of trained Chinese cost estimators and core of Chinese trainers of cost estimators. • Integrate Parametric Cost Estimating into Chinese advanced business practices. 10 October 2004 EastWise meeting

8. Summary • RWF Consulting is ready to support the Chinese parametric initiative. • This is a long-term joint endeavor. • Success will be measured by widespread adoption of parametrics in China. 10 October 2004 EastWise meeting

9. 谢谢 Ralph W Farrington 方若福 RWF Consulting, USA and China 方若福咨询美国和中国 fangrf@rwfconsulting.com http://www.rwfconsulting.com 10 October 2004 EastWise meeting