Accession Number : ADP002303

Title :   Risk Assessment for Defense Acquisition Management,

Corporate Author : DEFENSE SYSTEMS MANAGEMENT COLL FORT BELVOIR VA

Personal Author(s) : Ingalls,E. G. ; Schoeffel,P. R.

Report Date : 15 JUL 1983

Pagination or Media Count : 19

Abstract : The problem of dealing with cost growths in its acquisition of weapon systems has haunted the Defense Department for years and probably will continue to do so until either drastic changes are made in the acquisition process or until we just stop keeping track of costs. Since neither of these is likely to occur, the problem of defense systems acquisition costs exceeding original estimates and budgets is probably here to stay. Nevertheless, there are a number of actions that can be taken to improve the process and to reduce the magnitude of future cost growths. This paper deal with just one of these actions as it describes a research project conducted by the Defense Systems Management College to develop a handbook designed to assist acquisition management personnel in selecting and implementing risk assessments. The purpose of this paper is to briefly describe that research project and its primary product, the handbook; and to share some of the findings from this research that, while inappropriate for inclusion in the handbook, should nevertheless, be of interest to acquisition management personnel. The objective of sharing this other information is to suggest areas whereby risk assessments can become a more effective tool in fighting the problem of cost growth.

Descriptors :   *MILITARY PROCUREMENT, *MANAGEMENT PLANNING AND CONTROL, *RISK, ACQUISITION, COST ESTIMATES, DEFENSE SYSTEMS, WEAPON SYSTEMS

Distribution Statement : APPROVED FOR PUBLIC RELEASE