Performance Predictors for Value Engineering Program Management.
Abstract
This report presents the results of a study conducted by the Decision Models Directorate of the Joint Conventional Ammunition Program (JCAP-DM) during the 3rd quarter FY77 for the purpose of developing predictive equations for management use in establishing annual quantitative performance goals for the Value Engineering (VE) Program of the US Army Armament Materiel Readiness Command (ARRCOM). The predictive equations that were developed cover the three primary performance factors upon which the program is evaluated: (1) Dollar savings resulting from approved VE proposals. (2) Number of VE proposals submitted by contractors, and (3) Number of VE proposals submitted by in-house organizations. The report presents the study objectives, the methodology, the computation techniques using interactive programs, and the results. Input data and program output are provided. The method, which employs a combination of time-series analyses and step-wise regression techniques, indicated high correlation for this application. The forecast PEMA appropriation was always a dominant variable in predicting VE program performance. The method is applicable in situations where historical data is available and prediction equations are desired. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1977
- Accession Number
- ADA049696
Entities
People
- Daniel R. Turk