Total Ownership Costs

Total Ownership Costs

You are the owner/CEO of a large business that can take an idea from concept phase to full production within a very short window due to the use of robotics in your machinery department. You are ready to expand your business by competing for government contracts for very unique products.
1. Analyze the differences between the Cost Estimating Relationship (CER) method and the Engineered Cost Estimate method and which approach to Life-Cycle Costing (LCC) approach would be best for the business.
2. Evaluate the design-to-cost (DTC) changes that have occurred in the government’s approach and how will it impact the ability to compete.
3. Analyze the role of cost as a key independent variable in the production of very unique products.
4. Determine which element(s) of cost-reimbursement contracts tend to produce the biggest troubles for a specific company and why.
5. Use at least two (2) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources
Your assignment must follow these formatting requirements:
? Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
? Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
? Describe the various types of contracts and considerations for their use.
? Outline and explain the process for developing competitive proposals and source selection.
? Use technology and information resources to research issues in federal acquisition and contract management.
? Write clearly and concisely about federal acquisition and contract management using proper writing mechanics.
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