Tongue In Cheek Definition of Cost Analysis

From an Aerospace Corporation course:

“The art of  estimating the cost of acquisitions. It involves using incomplete, inaccurate, and changing data for an outmoded and ineffective system to derive a precise cost of purchasing an unknown quantity of an undefined new system to satisfy an overly exaggrated  & unvalidated requirement at some time in the future with a minimum of funds”

Ouch.  Sometimes this is the job.

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