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
Link To Document :
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