2 kinds of analysis are discussed in chapters 17 & 18: price analysis and cost analysis. What is cost analysis in your own words? How does it differ from price analysis?
Under what conditions will cost analysis be more likely to be used than price analysis? (413- )
What does the case/example on page 396 demonstrate about the limitations of price analysis?
Explain each of the 3 sources of cost data discussed. (415- )
Data gathered as a precondition to bidding
Data from supplier partners
Cost Models