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Accession Number:
ADP002302
Title:
Procedures for Modelling TRACE-P (Total Risk Assessing Cost Estimate for Production) Estimates
Corporate Author:
ARMY COMMUNICATIONS-ELECTRONICS COMMANDFORT MONMOUTH NJ
Report Date:
1983-07-15
Abstract:
TRACE-P, Total Risk Assessing Cost Estimate for Production, is intended as a contingency-funding vehicle for the first three years of production of designated sy stems. TRACE-P extends the TRACE concept of RDTE to Production, and serves to quantify risks in terms of their cost impact on designated systems. A mechanism is proposed here for generating such risk costs. It extends the use and application of the contractors Work Breakdown Structure WBS in identifying risk prone areas, and combines the WBS with probabilistic networking techniques to create a data structure which generates risk costs for the designated program. The purpose of this paper is to show how the Venture Evaluation and Review Technique networking model can be combined with the contractor Work Breakdown Structure in a way that provides the Program Manager with a powerful tool in determining potential risk costs to his program.
Supplementary Note:
This article is from 'Management of Risk and Uncertainty in Systems Acquisition: Proceedings of the 1983 Defense Risk and Uncertainty Workshop Held at Fort Belvoir, Virginia on 13-15 July 1983,' AD-A136 230, p44- 53.
Pages:
0010
File Size:
0.63MB
