Cost Modelling and Estimating
Service Description:
Our “Cost Modelling and Estimating” service provides a comprehensive understanding of the total costs associated with procuring, implementing, and operating cloud-based systems/services. We meticulously integrate and conduct analysis of cost estimates, costs drivers, and potential supplier expenses, whilst documenting assumptions and dependencies against the approach.
Service Features:
Service Benefits:
Delivery:
We deliver our Cost Modelling and Estimating service by providing a detailed analysis of the costs associated with procuring, implementing, and operating cloud-based systems and services. Our approach begins with a thorough evaluation of your current cost base, identifying key cost drivers and assessing the quality of existing cost estimates. We also evaluate potential supplier costs to ensure comprehensive financial planning.
We employ advanced techniques such as Monte Carlo simulation to model costs, which allows us to factor in uncertainty, risk, and optimism bias effectively. This method provides a realistic range of potential outturn costs, giving you greater confidence in budget planning and financial forecasts. Our goal is to equip your organization with the insights needed to make informed financial decisions, optimize expenditures, and achieve strategic objectives efficiently.