Risk Aversion vs. Technology Implementation.
Study project rept.,
DEFENSE SYSTEMS MANAGEMENT COLL FORT BELVOIR VA
Pagination or Media Count:
This report examines the key factors that inhibit the introduction of new technology into ongoing weapon systems. The effect of program manager PM risk aversion on this inhibition is evaluated. Factors causing PM risk aversion, including Department of Defense and Navy policies and procedures are considered. Results indicate major contributors to PM risk aversion include risks taken that backfired, schedule pressure, program maturity, PMs relative loyalty to Self, Program, and Service, inadequate methods of measuring risk and inability to hedge or insure risk. Forces that keep new technology out of ongoing programs include cost constraints, risk averse PMs, and on rare occasion, higher level authority. Author
- Administration and Management
- Logistics, Military Facilities and Supplies