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A Range of Cost Measuring Risk and Uncertainty in Major Programs: An Aid to Decisionmaking

PSAD-78-12 Published: Feb 02, 1978. Publicly Released: Feb 02, 1978.
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Highlights

Historically, major Federal programs and projects have experienced substantial cost growth. Overly optimistic estimates, problems encountered during the life of the program, inflation, and uncertainty associated with the estimating process itself contribute to the cost increases.

Full Report

Full Report (33 pages)

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Topics

Government Operations
Cost analysisCost of livingDefense procurementInflationProgram evaluationProgram managementCost estimatesFederal agenciesMilitary forcesCost estimates