Measuring Uncertainty in Earned Value
MetadataShow full item record
The Department of Defense is transforming its logistics and business systems to become agile, global-in-reach, and readily adaptable to evolving threats''all with significantly reduced Total Ownership Costs. However, the scope and complexity of these systems pose significant technical and programmatic challenges, successful management of which requires accurate engineering, planning, and cost estimation data. Because these programs and systems are information intensive, the costs of data acquisition are governed by the efficiency of communication, coordination and control activities. Likewise, they govern the capability of tools such as Earned Value Management (EVM). Unfortunately, much of the information essential to formulating accurate Planned Value (PV) estimates is not available until after a program is well underway. The key to information/data accuracy lies in the rate and extent to which uncertainty surrounding estimates is eliminated.
Proceedings Paper (for Acquisition Research Program)
NPS Report NumberNPS-PM-06-089
Showing items related by title, author, creator and subject.
Big Data and Deep Learning for Defense Acquisition Visibility Environment (DAVE)—Developing NPS Student Thesis Research Zhao, Ying (2017-12-21); NPS-AM-18-012The U.S. Department of Defense (DoD) acquisition process is extremely complex. There are three key processes that must work in concert to deliver capabilities: determining warfighters’ requirements and needs, planning the ...
An assessment, survey, and systems engineering design of information sharing and discovery systems in a network-centric environment De Soto, Kristine M. (Monterey, CaliforniaNaval Postgraduate School, 2009-12);Information, and the knowledge gained from it, has been the key component to strategic planning since the earliest combat operations. Success in the Information Age is defined by the military's ability to communicate ...
Current, Michael; Gilbert, David; Golden, Bruce; Lennartz, John; Real Consultants - Real Results, Ltd. (Monterey, California. Naval Postgraduate School, 2007-09);EXECUTIVE SUMMARY: Commonly shared situational awareness is essential to the success of almost any team endeavor. Many information networks and processes in the military environment are specifically designed to collect, ...