ABSTRACT
We are approaching a crucial point in the development of estimating and cost control methods. A comprehensive review of the accuracy of estimating (Ref. 1) led its authors to the conclusion that present methods were inadequate but could probably be improved by exploiting the intuitive abilities of experienced cost forecasters. While this is a valuable line of research which may lead to simple but useful cost models, this paper proposes that the goal of more accurate representation of cost should also be pursued.
