What is the Cost Model?

A ClearTrial Cost Model is the set of algorithms, default assumption values, task and cost definitions, and resources that are used to calculate and represent the expected timelines, effort, and cost estimates for a plan.

• When ClearTrial releases a new version, a new cost model is created to reflect the latest industry-standard costing algorithms. Plans using previous cost models continue to calculate and represent trial activities and effort exactly as they did prior to the new release.
• The Cost Model does NOT include billing and inflation rates. These values are maintained in a plan-neutral manner. If you want your plan to continue to use the billing and inflation rates which were used when the plan was created, you must freeze the rates.