• DocumentCode
    947083
  • Title

    Utilization of ``Normalized´´ Data for Defense Contracts

  • Author

    Kornreich, D.W.

  • Author_Institution
    Ground Systems Group, Hughes Aircraft Co., Fullerton, Calif.
  • Issue
    1
  • fYear
    1962
  • fDate
    3/1/1962 12:00:00 AM
  • Firstpage
    11
  • Lastpage
    14
  • Abstract
    ``Normalized curves´´ represent a means of evaluating the relationships of time, total expenditures, subcontract expenditures, and a number of activities and events. They represent data on previous contracts that have been categorized and reduced to common scales. ``Normalized curves´´ can be used either to evaluate a summary of the detailed planning and progress on current contracts or to forecast the probable requirements and performance on anticipated contracts. Many of these calculations have been performed on a digital computer since March, 1960. ``Normalized curves´´ have proven to be a valid analytical tool for predicting overruns, schedule slippages, and poor planning. Since the relationships of the values of time, resources, and milestones are based upon actual previous contracts, the acceptance of ``normalized curves´´ has increased to the point where they are now being used in the preparation of proposals for new contracts.
  • Keywords
    Contracts; Defense industry; Electrical equipment industry; Financial management; Job shop scheduling; Processor scheduling; Project management; Proposals; Research and development management; Subcontracting;
  • fLanguage
    English
  • Journal_Title
    Engineering Management, IRE Transactions on
  • Publisher
    ieee
  • ISSN
    0096-2252
  • Type

    jour

  • DOI
    10.1109/IRET-EM.1962.5007644
  • Filename
    5007644