What is the cost of conducting a systems engineering analysis as described in the Final Rule?
Based on an analysis of large software projects, a rule of thumb is that 15% of the project cost should be used for a full systems engineering analysis. While this may seem a lot, the cost of not following a systems engineering process is an increased chance of cost and schedule overruns, and possibly project failure. It’s very important to note that the systems engineering analysis needs to be commensurate with the scope of the ITS project. As transportation projects of all sizes gather information on using a systems engineering process, this rule of thumb will become more accurate.
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