GAO Space Acquisitions Case Study Using the figure on Page 2 of the document (Figure 1: Cost Estimating Challenges and Mi

tigations), provide your recommendation(s) for the Department of Defense to create better and more accurate cost estimates.

Figure 1: Cost Estimating Challenges and Mitigations Inexperienced Unreliable Unrealistic analyst data assumptions Detailed Adequate Historical cost Data Unreasonable documentation cost databases not not program Overoptimism available reserve available normalized baselines Well Risk analysis Stable New First-time Cutting Obtaining defined conducted edge program processes integration technology data Adequate Historical Wel trained Program Complex Diminishing Unrealistic budget data and experienced projected available analysts instability technology industrial base savings Challenges Mitigations Source: GAO. | GAO-20-195G