Abstract:The modern aircraft development work has significant characteristics, such as the more complex product structure, the longer development cycle, the higher risks and poor reproducibility. And the cost estimating of development project is difficult. Based on analyzing the method of parametric cost estimating, analyzing the influencing factors of aircraft development project costs, using the correlation analysis to determine the key influencing factors of project costs and establish the cost impact factor model. And on this basis, using multiple nonlinear regression analysis method to establish the aircraft development project cost estimation model. Finally, the recommendations of using the method of parametric cost estimating to estimate the cost of China"s aviation aircraft development project are given from the three aspects of enterprise, development institution and government.