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Cost risk framework

Author: Ahmed Ghanmi; Defence R&D Canada,; Defence R&D Canada. Centre for Operational Research and Analysis,
Publisher: Ottawa, ON, Canada : Defence Research and Development Canada, 2014. ©2014
Series: Scientific report (Defence R & D Canada), DRDC-RDDC-2014-R167.
Edition/Format:   eBook : Document : National government publication : English
Summary:
This document describes a framework that is designed to standardize the identification, analysis, and reporting of a project?s cost risk within the Department of National Defence (DND) and Canadian Armed Forces (CAF). While there are extensive academic and industrial standards on risk identification, analysis, and reporting, the distinguishing characteristics of this framework are its particular emphasis on DND/CAF  Read more...
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Material Type: Document, Government publication, National government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Ahmed Ghanmi; Defence R&D Canada,; Defence R&D Canada. Centre for Operational Research and Analysis,
OCLC Number: 935108951
Language Note: Includes abstracts in English and French.
Notes: Distributed by the Government of Canada Depository Services Program (Weekly acquisitions list 2015-50).
"December 2014."
Description: 1 online resource (104, [2] pages).
Series Title: Scientific report (Defence R & D Canada), DRDC-RDDC-2014-R167.
Responsibility: Ahmed Ghanmi, Mark Rempel, Abderrahmane Sokri, Binyam Solomon, Assistant Deputy Minister (Science & Technology), Vrenti Ghergari, Assistant Deputy Minister (Finance & Corporte Services).

Abstract:

This document describes a framework that is designed to standardize the identification, analysis, and reporting of a project?s cost risk within the Department of National Defence (DND) and Canadian Armed Forces (CAF). While there are extensive academic and industrial standards on risk identification, analysis, and reporting, the distinguishing characteristics of this framework are its particular emphasis on DND/CAF operating environment, the constraints of existing public service policies, and stakeholder?s unique requirements. These important public sector considerations include: the Data Readiness Level metric to measure the availability of data for risk assessment; a checklist to link the Chief Financial Officer?s attestation process to the selection of appropriate visualization and reporting techniques; and the contextualization of cost risk in DND as a subset of the Government of Canada?s own challenge of funding its policies and programs within available fiscal room.

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