Epicflow Blog

OCTOBER 1, 2022

Let’s dive into the causes for budget overrun in aerospace and defense projects, and consider the ways of preventing them. What causes budget overrun in aerospace and defense projects? . Unrealistic cost estimates. Applying inappropriate project management methodology. Improper risk management.

Aerospace 52

Aerospace Underperforming Technical Team Estimate Project Cost 52

Herding Cats

AUGUST 12, 2016

All that line says is this was the baseline estimate at Completion for the project work. Then the chart shows that many projects cost more or take long (costing more) in the sample population of projects. . The answers should be YES to these Five Immutable Principles of Project Success. Just the estimate.

Technical Review 28

Technical Review Estimate 2003 Aerospace 28

Epicflow Blog

MARCH 22, 2024

For example, the aerospace and defense industry is associated with the following risks: Volatility in the geopolitical and economic environment, Competition in the domestic and international markets, Exposure to cyber risks, and others. Speaking of the industry-related ones, risks can be unique or common across industries.

Risk Management 52

Risk Management Controlling Risk Aerospace 52

Herding Cats

MAY 10, 2019

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Risk Analysis & Estimating Uncertainty … and what this has to do with the price of milk in McLean,” Phil Beenhouwer, The Society of Cost Estimating & Analysis (SCEA), May 17, 2006.

Risk Management 38

Risk Management Risk Technical Review 2002 38

Herding Cats

MAY 11, 2019

Let's start with a critical understanding of the purpose of managing risk on software development projects. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. How to Deal with Project Risk Management Effectively In Your Organization?,”

Risk Management 35

Risk Management Risk Technical Review 2002 35

Herding Cats

JANUARY 23, 2019

In our domain of aerospace and defense, we have reference class for cost, schedule, architecture (DODAF), risk and other attributes of every system ever built in the DOD ( CAPE , CADE ) and NASA ( CARDe/Once ). Cost risk estimating assessment addresses the cost, schedule, and technical risks that impact the cost estimate.

Estimate 37

Estimate Technical Review Underperforming Technical Team Software Review 37

Herding Cats

FEBRUARY 9, 2019

In our software-intensive system of systems domain, we develop proposals with 80% confidence of completing on time and on budget at the time of submission. The ±10% value has no context (as usual), but that range is certainly possible using the processes of probabilistic modeling of the project. . Both of these actions cost money.

Estimate 42

Estimate Technical Review Underperforming Technical Team Software Review 42