Cost Risk Analysis Methods for Defence Acquisition Projects

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Authors
  1. Sokri, A.
  2. Ghanmi, A.
Corporate Authors
Defence Research and Development Canada, Centre for Operational Research and Analysis, Ottawa ON (CAN)
Abstract
Cost risk analysis is a fundamental process in defence acquisition projects. It allows analysts to examine the impact of individual risks on overall project cost and to estimate the contingency budget amount needed for a desired level of confidence. Different methods for conducting cost risk analysis in defence acquisition projects have been developed in the literature. This paper provides a comprehensive historical review of the predominant research developments in risk analysis from a cost perspective. The paper discusses the underlying assumptions of the different cost risk analysis approaches, their methodologies, and how they can be used to estimate the contingency allowances.
Keywords
cost risk analysis methods;contingency;defence acquisition projects
Report Number
DRDC-RDDC-2015-P191 — External Literature
Date of publication
13 Jul 2016
Number of Pages
6
DSTKIM No
CA042785
CANDIS No
804156
Format(s):
Electronic Document(PDF)

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