Pricing to Win with Monte Carlo Simulation
Nov 11 2021
66 mins
Voodoo. Smoke and Mirrors. Witchcraft.
Not exactly.
Pricing to Win is a complex discipline of cost and price estimating under parametric uncertainty subject to observable constraints.
Cherrill Consulting Group (CCG) uses @RISK to provide critical pricing advisory to our aerospace and defense clients facing winner-take-all bidding decisions.
LEARNING OBJECTIVES
In this webinar Adam demonstrates the following capabilities:
• How to construct a representative fixed-price model based on direct costs, indirect costs (I.e. overhead), and fee rate
• How to choose the appropriate input distributions based on representative parameters
• How to interpret the simulation output and visualize sources of variance
• How to derive pricing recommendations based on the output distributions
Presenters
Adam P. Cherrill, CMC, PfMP - President, Cherrill Consulting Group