Forecast of Schedule/Cost Status Utilizing Cost Performance Reports of the Cost/Schedule Control Systems Criteria: A Bayesian Approach.
Final technical rept.
ARMY AVIATION SYSTEMS COMMAND ST LOUIS MO
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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.
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