A Quantitative Risk Analysis of Deficient Contractor Business System

Abstract

This research reviews quantitative risk models to determine how to best portray the risk to the government of deficient contractor business systems. One model, operational value at risk (VaR) is proposed as the model for use by a government contracting officer when justifying the withholding of contractor payments for a "significant deficiency" in the contractor's earned value management (EVM) system (per DFARS 252.234.7005, effective August 16, 2011).

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Document Details

Document Type
Technical Report
Publication Date
Apr 30, 2012
Accession Number
ADA563548

Entities

People

  • William Fast

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Air Platforms
  • Biomedical
  • Energy and Power Technologies
  • Ground and Sea Platforms

DTIC Thesaurus Topics

  • Business Administration
  • Commerce
  • Congress
  • Contractors
  • Contracts
  • Department Of Defense
  • Governments
  • Information Systems
  • Intellectual Property
  • Law
  • Management Personnel
  • National Security
  • Organizational Structure
  • Procurement
  • Risk
  • Risk Analysis
  • Risk Management

Readers

  • Computational Modeling and Simulation
  • Cybersecurity.
  • Defense Financial Management and Audit.