Budgeting for Technological Risk in Procurement

Abstract

This paper presents the results of the Army's effort to quantify risk and to budget funds for the technological uncertainty in the procurement of weapons systems. This effort is known as Total Risk Assessing Cost Estimate for Production (TRACE-P). This paper describes the model and methodology used to quantify this uncertainty. It discusses implementation of the system and the results experienced to date.

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Document Details

Document Type
Technical Report
Publication Date
Jul 15, 1983
Accession Number
ADP002308

Entities

People

  • R. J. Baker

Tags

Communities of Interest

  • Air Platforms
  • Autonomy
  • Weapons Technologies

DTIC Thesaurus Topics

  • Acquisition
  • Budgets
  • Contract Administration
  • Control Systems
  • Cost Estimates
  • Costs
  • Management Personnel
  • Procurement
  • Program Management
  • Remotely Piloted Vehicles
  • Risk
  • Risk Analysis
  • Systems Management
  • Uncertainty
  • Vehicles
  • Weapons

Readers

  • Life Cycle Cost Analysis