Phrases Used for Technical Performance Measures
MAY 16, 2019
All project progress is measured independent of resources expended - Mr. Gary Bliss, Director Performance Assessment and Root Cause Analysis (PARCA), US Department of Defense. Budget control is mandatory for any credible management of other peoples money. Measuring progress must be in units meaningful to the decision maker. This bounding of the cost estimate may be attempted through sensitivity analyses or through a formal quantitative risk analysis.