What is the difference between RACER, MII?
RACER is a parametric estimating system. A parametric estimate is developed at the preliminary stages of a project when all the detailed information is not yet known. A parametric estimate uses the identified cost drivers that have variable values which in turn are used as a referent for determining other values in your estimate. RACER has models for over 100 technologies to develop a project estimate. Each of the model in RACER have the cost drivers identified and the user answers the cost drivers (or also referred to as required parameters) to develop an estimate that has the detailed information developed using the inputs by the user. RACER allows users to develop relatively detailed estimates based on minimum design information. RACER was designed by the Air Force to assist in the development and evaluation of alternatives for remediation, and to estimate costs of EM CX projects. MII is a detailed cost estimating program which is utilized primarily for development of cost estimates
