AFPD65-5 governs Air Force cost and economic analysis, financial oversight, and policy supporting acquisition and sustainment decisions.
View AFPD65-5 on armypubs.army.mil
It covers program office estimates, non-advocate cost assessments, independent cost estimates, economic analyses, and financial analyses. It requires cost and economic analysis to support decision makers, acquisition programs, budgeting, source selections, and milestone decisions.
The Air Force shall support the Strategy, Planning, Programming, Budgeting, and Execution Process (SPPBE) and the acquisition system within the Department of Defense, by providing decision makers with credible and objective cost and Economic Analysis. (paragraph 1)
Program Office Estimates or Single Best Estimates for all Active Acquisition Master List Acquisition Category (ACAT) I, II and III programs to include Business System Category and Defense Business Systems programs. (paragraph 1)
Non-Advocate Cost Assessments will be used to support milestone decisions, the SPPBE process, source selections, program and unit cost breaches, Analysis of Alternatives on programs expected to meet ACAT I thresholds, and requested rapid prototyping/rapid fielding initiatives. (paragraph 1)
Independent Cost Estimates for Major Defense Acquisition Programs, Major Automated Information Systems milestones, and Defense Business Systems Authority to Proceed decisions where decision authority has been delegated to the Service Acquisition Executive. (paragraph 1)
Economic Analyses for the Air Force when deemed necessary or required by law. (paragraph 1)