Procedures for Modelling TRACE-P (Total Risk Assessing Cost Estimate for Production) Estimates

Abstract

TRACE-P, Total Risk Assessing Cost Estimate for Production, is intended as a contingency-funding vehicle for the first three years of production of designated sy stems. TRACE-P extends the TRACE concept of RDTE to Production, and serves to quantify risks in terms of their cost impact on designated systems. A mechanism is proposed here for generating such risk costs. It extends the use and application of the contractor's Work Breakdown Structure (WBS) in identifying risk prone areas, and combines the WBS with probabilistic networking techniques to create a data structure which generates risk costs for the designated program. The purpose of this paper is to show how the Venture Evaluation and Review Technique networking model can be combined with the contractor Work Breakdown Structure in a way that provides the Program Manager with a powerful tool in determining potential risk costs to his program.

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Jul 15, 1983
Accession Number
ADP002302

Entities

People

  • V. Alfieri

Organizations

  • United States Army Communications-Electronics Command

Tags

Communities of Interest

  • Energy and Power Technologies

DTIC Thesaurus Topics

  • Acquisition
  • Business Administration
  • Capital Investments
  • Contractors
  • Contracts
  • Cost Estimates
  • Costs
  • Databases
  • Electronics
  • Governments
  • Histograms
  • Iterations
  • Money
  • Production
  • Project Management
  • Test And Evaluation
  • Uncertainty

Readers

  • Life Cycle Cost Analysis
  • Systems Analysis and Design