A Statistical Approach to the Development of Progress Plans Utilizing Bayesian Methods and Expert Judgment
Abstract
The development of progress plans for each identified technical performance parameter (TPP) is a critical element of technical performance measurement. The measured values of TPPs are referred to as technical performance measures (TPMs). These terms are used interchangeably; however, TPMs more directly reflect how technical progress and technical risk are measured and evaluated. Progress plans, or planned performance profiles, are crucial to effective risk assessment; however, methods for developing these plans are subjective in nature, have no statistical basis or criteria as a rule, and are not sufficiently addressed in literature. The methodology proposed herein for progress plan development will involve the elicitation of expert judgments to formulate probability distributions that reflect the expected values/estimates used to establish progress plans.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 2011
- Accession Number
- ADA535509
Entities
People
- Shahram Sarkani
- Thomas A. Mazzuchi
- Tiffany L. Lewis
Organizations
- Defense Acquisition University