Improving Performance Management and Project Control to Meet Cost/Schedule Milestones in DoD Procurement
By Sylvie MacKenzie, PMP on Apr 25, 2012
In the wake of mounting economic pressure and historical shifts in defense strategy, priorities and tactics, Defense organizations are operating with significantly reduced budgets in FY2012. Despite the fact that Defense spending accounts for approximately 4.7 percent of the United States GDP, President Obama’s proposed FY2012 budget, which calls for $487 billion reduction over 10 years, significantly decreases the DoD’s buying power.
Although many Defense organizations have focused on IT reform and shared services to help them adapt to complex mission demands and diminishing resources, innovative program managers and procurement officers are implementing private sector solutions and practices to squeeze the highest value from new and existing defense programs.
It can be nearly impossible to build annual budgets that consider forecasted project and program work plans along with detailed cost data, particularly when attempting to reconcile actual and projected program costs with actual schedule performance.
Defense Systems is hosting a webcast sponsored by Oracle,on the following topic: Improving Performance Management and Project Control to Meet Cost/Schedule Milestones in DoD Procurement.In this upcoming webcast, Gary Winkler, former program executive officer for Army Enterprise Information Systems, and CEO of Cyber Solutions & Services, will share best practices and hard-won lessons aligning critical data on project performance, cost systems and schedules for truly big picture program management insight.
Participants will learn:
- How to calculate project costs using direct and indirect costs per resource
- How to determine if a project is ahead of or behind schedule, or over budget by analyzing the earned value of KPIs
- Track the variances between forecasted budget and execution
To find out more information, register now for this live webcast.