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Downloaded from http://www.everyspec.com on 20110329T10:05:22....:? . P.MILSTD881A 25 April 1975SUPERSEDING MILSTD881 1 NOVEMBER1968MILITARYSTANDARD 140 OK BREAKDOWNSTRUCTURES FOR DEFENSEMATERIELITEMS,
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How to fill out cost data base development

01
Step 1: Determine the purpose and scope of the cost database development.
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Step 2: Identify the relevant cost data that needs to be included in the database.
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Step 3: Create a structure for the database, including tables and fields for storing different types of cost data.
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Step 4: Populate the database with the initial cost data, either manually or through automated import processes.
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Step 5: Define the necessary relationships between different tables to enable efficient querying and analysis of the cost data.
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Step 6: Implement security measures to protect the confidentiality and integrity of the cost data.
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Step 7: Test the database to ensure its functionality and accuracy.
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Step 8: Provide training and documentation to users on how to access and utilize the cost database.
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Step 9: Regularly update and maintain the database to reflect changes in cost data over time.
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Step 10: Monitor the performance of the cost database and make necessary optimizations or improvements as required.

Who needs cost data base development?

01
Construction companies that want to track and analyze their project costs.
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Manufacturing companies that need to manage their production costs.
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Government agencies that require cost data for budgeting and planning purposes.
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Financial institutions that need cost data for investment analysis and evaluation.
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Research organizations that utilize cost data for economic or market research.
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Consulting firms that provide cost estimation and analysis services to clients.
07
Educational institutions that teach courses or conduct research in cost management.
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Any organization or individual involved in cost tracking, analysis, or decision-making.
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Cost data base development refers to the process of creating and maintaining a comprehensive database that tracks and analyzes costs associated with specific projects or operations within an organization.
Organizations that are involved in federally funded contracts or projects are generally required to file cost data base development.
To fill out cost data base development, organizations must collect relevant cost data, categorize costs, and input this information into the specified database format, following any guidelines provided by regulatory authorities.
The purpose of cost data base development is to provide transparency and accountability in cost management, enabling organizations to analyze spending, comply with regulations, and make informed financial decisions.
Information that must be reported includes direct and indirect costs, cost allocation methods, project descriptions, and any relevant financial data that supports the analysis of costs.
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