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Continuously update the cost estimate as the program progresses by incorporating actual cost data, schedule changes, and technical refinements. An estimate is a living document that should be refreshed at each major milestone, significant program change, or annually at minimum. Comparing estimates to actuals feeds lessons learned back into future estimating.
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Bureauify. (2026). Update the Estimate to Reflect Actual Costs — Federal Contract Intelligence. Bureauify Federal Intelligence. Retrieved , from https://bureauify.com/glossary/update-estimate
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