Accession Number:

AD0754576

Title:

Forecast of Schedule/Cost Status Utilizing Cost Performance Reports of the Cost/Schedule Control Systems Criteria: A Bayesian Approach.

Descriptive Note:

Final technical rept.

Corporate Author:

ARMY AVIATION SYSTEMS COMMAND ST LOUIS MO

Personal Author(s):

Report Date:

1973-01-01

Pagination or Media Count:

17.0

Abstract:

The report presents a Bayesian approach to a forecasting technique useful in projecting the future cost and schedule of work breakdown structure WBS items in Department of Defense contracts. The technique utilizes the data supplied in the cost performance reports CPR of the costschedule control systems criteria CSCSC. The forecast data are invaluable to the project manager supervising the contract, who might thereby avert costly schedulecost program overruns. The advantages of this method are discussed in the present report and a solved example is hereby given.

Subject Categories:

  • Administration and Management

Distribution Statement:

APPROVED FOR PUBLIC RELEASE