ABSTRACT

A U.S. government report on technical risk devoted much discussion to examining the importance of managing the technical aspects of a project. However, measuring technical risk on any effort that involves furthering the state of the art is difficult and can involve significant risk itself. Performance tracking is conducted by establishing exacting performance criteria for all aspects of the project and assessing them against the acceptable ranges around those criteria. Some concrete measurements that are available can be useful in measuring technical progress against preset goals of projects.