An Index to Measure a System's Performance Risk

Abstract

Technical Performance Measures (TPMs) are traditionally defined and evaluated to assess how well a system is achieving its performance requirements. Typically dozens of TPMs are defined for a system. Although they generate useful information and data about a system performance little is available in the program management community on how to integrate these measures into a meaningful measure of the system overall performance risk. This paper presents how individual TPMs may be combined to measure and monitor the overall performance risk of a system. The approach consists of integrating individual technical performance measures in a way that produces an overall risk index. The computed index shows the degree of performance risk presently in the system. It identifies risk-driving TPMs enables monitoring time-history trends and reveals where management should target strategies to lessen or eliminate the performance risks of the system.

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Jan 01, 2003
Accession Number
ADA423527

Entities

People

  • Chien-ching Cho
  • Paul R. Garvey

Organizations

  • Defense Acquisition University

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Accuracy
  • Acquisition
  • Applied Mathematics
  • Damage
  • Damage Assessment
  • Data Sets
  • Department Of Defense
  • Electronic Mail
  • Engineering
  • Mathematics
  • Measurement
  • Operations Research
  • Probability
  • Program Management
  • Statistical Analysis
  • Systems Engineering
  • Universities

Fields of Study

  • Engineering

Readers

  • Aviation Safety Risk Assessment.
  • Computational Modeling and Simulation
  • Systems Analysis and Design