What does an Independent Cost Estimate (ICE) provide to decision-makers?

An Independent Cost Estimate (ICE) offers decision-makers an objective assessment of the costs associated with a program. This type of estimate is conducted by an organization or team that is independent of the program being evaluated. By providing an objective review, the ICE helps ensure that the costs presented are not influenced by those who might have a vested interest in the program, thereby adding credibility to the financial aspects of decision-making.

The ICE typically involves a thorough analysis of cost data, project scope, and methodologies to forecast financial requirements. By presenting a clear and unbiased estimate of costs, it enables stakeholders to make informed choices about resource allocation, budgeting, and financial planning for the program.

This approach is crucial for effective systems acquisition management, as it aligns with the principles of transparency, accountability, and informed decision-making, ensuring that decision-makers have a realistic view of the financial implications of their choices.