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Cost Overrun in Aerospace and Defense: The Main Causes and How to Prevent Them

Epicflow Blog

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. It may seem that the choice of a project management methodology has little to do with cost overrun.

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Software Estimating Resources

Herding Cats

Estimating Probable System Cost,” Stephen A. Bool, CrossLink: The Aerospace Corporation, Winter, 2000/2001, pp. Why Monte Carlo Simulations of Project Network can Mislead,” Terry Williams, Project Management Journal 35(3), pp. How is Effort Estimated in Agile Software Development Projects?,” 61, September 2004. “A

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Managing Risks and Controlling Projects: How Data-Driven Project Management Come in Useful for Multi-Project Environments

Epicflow Blog

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. Read more: A Quick Guide to Essential Project Management Metrics.

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Estimating is a Learned Skill

Herding Cats

Planning, Estimating, and Monitoring Progress in Agile Systems Development Environments,” Suzette S. Software Estimation Best Practices, Tools & Techniques: A Complete Guide for Software Project Estimators, Murali K. Software Project Cost and Schedule Estimating: Best Practices, William H. Johnson, STC 2010.

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Risk Management Resources

Herding Cats

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.

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A Compendium of Risk Management Resources

Herding Cats

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. Monitoring software maintenance project risks,” Cristina López, Jose L.