Employing Risk Management to Control Military Construction Costs
DEFENSE ACQUISITION UNIV FT BELVOIR VA
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Systems acquisition inherently contains elements of uncertainty that must be effectively managed to meet project cost, schedule, and performance objectives. While the U.S. Department of Defense has a record of employing systems engineering technical management processes including risk management to address these uncertainties for major weapon systems acquisition, the application of risk management to Military Construction MILCON projects is a recent development. This research studies the use of a formal risk management program on a MILCON project and assesses whether such use influences the projects total cost growth relative to that of U.S. Army Corps of Engineers historical data. A case study methodology is employed assessing the National Geospatial-Intelligence Agency NGAs multibillion dollar NGA Campus East program.
- Administration and Management
- Structural Engineering and Building Technology
- Logistics, Military Facilities and Supplies