An Assessment of the Effectiveness of Air Force Risk Management Practices in Program Acquisition Using Survey Instrument Analysis
AIR FORCE INSTITUTE OF TECHNOLOGY WRIGHT-PATTERSON AFB OH GRADUATE SCHOOL OF ENGINEERING AND MANAGEMENT
Pagination or Media Count:
Air Force acquisition programs invest a large amount of resources to develop and field systems. Many of these resources go to risk management in order to help ensure those programs finish successfully with respect to cost, schedule, and technical performance goals. The question arises as to whether this is a sound investment. Although risk management has been shown to be effective in industry, scant empirical evidence exists for its effectiveness within the Air Force. Correlation and regression analysis of survey data show that a positive relationship does exist between specific risk practices and project success. Furthermore, the analysis suggests that organizational behavior practices may reinforce that positive relationship in addition to the structured risk management steps prescribed by organizations such as the Department of Defense and the Project Management Institute.
- Administration and Management
- Economics and Cost Analysis
- Statistics and Probability
- Logistics, Military Facilities and Supplies