Risk Analysis of Defence Acquisition Projects – Methods and Applications

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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
Risk analysis is an integral part of the risk management process for defence acquisitions. It provides a means to examine the impact of individual risks on the overall project objectives to determine the probability of concluding the project on a given budget (cost risk analysis) or on a given time (schedule risk analysis). While there is an extensive literature on risk management for defence acquisition programs, there are limited research studies and critical gaps in cost and schedule risk analysis methodologies and techniques. This Scientific Report synthesizes the work conducted by the authors during the past few years on risk analysis research. It provides a literature overview of analytical methods for project risk analysis, and suggests quantitative methods for analyzing cost risk, schedule risk, and integrated cost/schedule risk of defence acquisition projects. The proposed approach would provide defence leadership with useful indicators about the expected cost contingency and schedule buffer.

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Keywords
Integrated cost/schedule risk analysis
Report Number
DRDC-RDDC-2017-R124 — Scientific Report
Date of publication
01 Oct 2017
Number of Pages
43
DSTKIM No
CA045789
CANDIS No
806243
Format(s):
Electronic Document(PDF)

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