When Budget Variances Warrant Investigation by Engineering Project Management

Format:

Conference/Event

Author/Creator:

Schick, G. J., author.

Conference Name:

National Aeronautic and Space Engineering and Manufacturing Meeting (1968-10-07 : Los Angeles, California, United States)

Language:

English

Physical Description:

1 online resource

Place of Publication:

Warrendale, PA SAE International 1968

Summary:

Paper discusses two quantitative decision tools: one based on actual variance and one based on probability of observing such a variance. Both are used in deciding when to explore budget variances. The two methods are: calculation of decision areas based on the cost of investigation and expected savings produced by an investigation: calculation of the variance as a function of both time remaining in schedule and budget remaining.Both methods can be programmed on a computer.Details of the application of either method are presented

Notes:

Vendor supplied data

Publisher Number:

680683

Access Restriction:

Restricted for use by site license