Forecast of Schedule/Cost Status Utilizing Cost Performance Reports of the Cost/Schedule Control Systems Criteria: A Bayesian Approach.

Abstract

The report presents a Bayesian approach to a forecasting technique useful in projecting the future cost and schedule of work breakdown structure (WBS) items in Department of Defense contracts. The technique utilizes the data supplied in the cost performance reports (CPR) of the cost/schedule control systems criteria (C/SCSC). The forecast data are invaluable to the project manager supervising the contract, who might thereby avert costly schedule/cost program overruns. The advantages of this method are discussed in the present report and a solved example is hereby given.

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Document Details

Document Type
Technical Report
Publication Date
Jan 01, 1973
Accession Number
AD0754576

Entities

People

  • M. Z. El-sabban

Organizations

  • United States Army Aviation and Missile Command

Tags

Communities of Interest

  • C4I
  • Human Systems

DTIC Thesaurus Topics

  • Army Aviation
  • Bayesian Inference
  • Bayesian Networks
  • Contractors
  • Contracts
  • Control Systems
  • Delphi Method
  • Department Of Defense
  • Management Personnel
  • Normal Distribution
  • Personnel Management
  • Precision
  • Probability
  • Standards
  • Systems Analysis
  • Theorems

Readers

  • Defense Acquisition Program Management
  • Life Cycle Cost Analysis
  • Systems Analysis and Design

Technology Areas

  • AI & ML
  • AI & ML - Bayesian Inference