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dc.contributor.authorValerdi, Ricardo
dc.contributor.authorPotoski, Matthew
dc.date30-Apr-11
dc.date.accessioned2013-05-08T21:24:11Z
dc.date.available2013-05-08T21:24:11Z
dc.date.issued2011-04-30
dc.identifier.urihttp://hdl.handle.net/10945/33701
dc.descriptionProceedings Paper (for Acquisition Research Program)en_US
dc.description.abstractA central challenge in defense acquisition is the development of accurate cost and schedule estimates. The lack of discipline in estimating and unrealistic expectations in the early phases of programs have been often cited as common causes for poor performance of large programs (GAO, 2004, 2006). Initial estimates provided by contractors are known to ''anchor'' expectations (Aranda & Easterbrook, 2005), even when changes in personnel, technology, or budgetary priorities can affect the performance of a program. We examine the use of prediction markets as a tool for generating schedule estimates as a supplement to existing estimation methodologies.en_US
dc.description.sponsorshipAcquisition Research Programen_US
dc.publisherMonterey, California. Naval Postgraduate Schoolen_US
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.en_US
dc.titlePrediction Markets as an Information Aggregation Tool for Effective Project Management in Defense Acquisition Projectsen_US
dc.contributor.departmentAcquisition Management
dc.subject.authorPerformance Based Managementen_US
dc.subject.authorCost Estimates, Schedule Estimates, Prediction markets, Schedule Estimates, Estimation Methodologiesen_US
dc.identifier.npsreportNPS-AM-11-C8P21R02-072
dc.description.distributionstatementApproved for public release; distribution is unlimited.


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