Title :
Forecasting costs and completion dates for defense research and development contracts
Author :
Ruskin, A.M. ; Lerner, R.
Author_Institution :
Harvey Mudd Coll., Claremont, CA, USA
Abstract :
It is hypothesized that the actual final cost and time required to develop a new technological system can be forecast from initially negotiated costs and times and other administrative details that are available when the contract is negotiated. This hypothesis was tested by examining multiple regressions of total cost and time as functions of data available at the end of negotiations for 73 contracts administered by one division of the Air Force.
Keywords :
economics; project engineering; research and development management; completion dates; contract; costs; defence research and development contracts; forecasting; multiple regressions; negotiations; regression coefficients; regression equations; Complexity theory; Contracts; Data models; Equations; Personnel; Procurement; Research and development;
Journal_Title :
Engineering Management, IEEE Transactions on
DOI :
10.1109/TEM.1972.6448400
