Friday, August 20, 2010

Applied Economic Analysis (AEA)

Through our Applied Economic Analysis (AEA) capabilities and services, Booz Allen Hamilton helps government agencies optimize resource allocation decisions through disciplined and empirical-based cost, financial, and economic analyses.  Our professional staff assist clients with decisions regarding capability optimization and acquisition development by using cost estimating, modeling and analysis, analysis of alternatives, capital asset management, applied microeconomic and macroeconomic analysis, and statistical analysis. Booz Allen provides clients with rigorous, robust, and rational analytical support that is critical to the achievement of project performance, cost objectives, and schedule objectives.

One of our foundational AEA capabilities is Cost Estimating.  In today’s budget-minded world, it is one thing to formulate an important program and another to justify its costs.

    From start to finish, you must know “the numbers” and the factors that drive them.  Booz Allen addresses the entire scope of a program, including system development, maintenance, contractor involvement, acquisition, installation, training, and more.  Working side by side with technical and program staff, we develop a baseline description of the program and its cost elements.  Booz Allen staff then employ advanced techniques and models to estimate costs and validate them for completeness, accuracy, and consistency.  Along with other methods, we develop and employ parametric cost estimating models that can analyze “what if” scenarios for any cost element.


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