ONTOCOM is a cost estimation model for building ontologies that uses top-down, parametric, and expert-based methods. It breaks ontology engineering processes down hierarchically and uses a parametric equation involving size, effort multipliers, and calibration constants to estimate costs. Effort multipliers represent how cost drivers like domain complexity, tool experience, and documentation needs impact effort. ONTOCOM was validated using project data and expert input to refine its model. It aims to provide a standardized way to predict ontology development costs and help organizations justify related investments.