An Evaluation of CPRA (Cost Performance Report Analysis) Estimate at Completion Techniques Based Upon AFWAL (Air Force Wright Aeronautical Laboratories) Cost/Schedule Control System Criteria Data
Abstract
This thesis examined techniques used to derive estimates of the cost at completion for various research and development programs. The six methods examined were the methods used in the Cost Performance Report Analysis (CPRA) computer program to calculate estimates at completion. The analysis is based on a linear regression between the cost at completion for each technique available. The techniques were ranked by coefficient of determination and a general linear test was performed to test for equality among the regression lines. The results of this investigation indicate that an estimate at completion based upon weighted cost and schedule indices minimizes the unexplained error (as a percentage of total error) and is thought to be the superior forecaster of costs at completion. The general linear test for equality among the regression lines generated by the different techniques did not indicate the existence of commonality between regression lines. This means that each technique tested provided a unique estimate at completion.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1985
- Accession Number
- ADA162282
Entities
People
- James B. Price
Organizations
- Air Force Institute of Technology