What is AFI65-508?
AFI65-508 is an Air Force regulation that provides guidance and procedures for cost analysis within the Air Force.

Who does AFI65-508 apply to?
AFI65-508 applies to all Air Force personnel involved in cost analysis activities or responsible for making cost-related decisions.

What is the purpose of AFI65-508?
The purpose of AFI65-508 is to establish policies, processes, and procedures for conducting cost analysis to support decision-making within the Air Force.

What types of costs does AFI65-508 cover?
AFI65-508 covers all costs associated with Air Force programs, including research and development costs, acquisition costs, sustainment costs, and disposal costs.

How should cost analysis be conducted?
According to AFI65-508, cost analysis should be conducted using analytical techniques, such as cost estimating, cost forecasting, and cost comparisons, to determine the most cost-effective options.

What factors should be considered in cost analysis?
AFI65-508 emphasizes considering factors such as technical performance, schedule, life cycle costs, affordability, and risk when conducting cost analysis.

Are there any specific tools or methodologies recommended in AFI65-508?
AFI65-508 encourages the use of established cost estimating methodologies such as parametric modeling, bottom-up estimating, and cost-effectiveness analysis.

How should cost data be collected and documented?
AFI65-508 requires cost data to be collected using standardized methods and documented in a consistent manner to ensure accuracy, transparency, and traceability.

What is the role of cost estimates in the budgeting process?
AFI65-508 highlights the importance of accurate cost estimates in the budgeting process, as they provide the basis for financial planning, resource allocation, and cost control.