Within the realm of mission administration, the time period “Finest and Flanagan” holds important significance. It refers to a widely known approach for estimating mission prices, developed by engineers Edward Finest and Robert Flanagan within the Nineteen Seventies.
The Finest and Flanagan methodology includes gathering knowledge on comparable tasks, analyzing their prices, and making use of statistical strategies to forecast the prices of a brand new mission with comparable traits. This methodology is especially helpful when historic knowledge is accessible and the mission scope is well-defined.
