ECSS-M-60B, SPACE PROJECT MANAGEMENT: COST AND SCHEDULE MANAGEMENT (26-JUN-2006)

ECSS-M-60B, SPACE PROJECT MANAGEMENT: COST AND SCHEDULE MANAGEMENT (26-JUN-2006)., Cost and schedule management is defined as a collective system of organized processes and actions in support of project management. It allows optimal use to be made of human resources, facilities, materials and funds, thereby achieving a successful completion of the space project with respect to • cost targets, • timely completion, and • technical performance. To this end, costs and activities are planned and actively controlled, with special care being given to the identification of critical situations that can lead to an adverse impact on the project cost and schedule, so that the relevant recovery actions can be proposed. The requirements specified herein apply to, and affect the customer and supplier at all levels. These requirements, as tailored in the project specific requirement documents, are applicable to any actor in a space project. When viewed from the perspective of a specific project context, the requirements defined in this Standard should be tailored to match the genuine requirements of a particular profile and circumstances of the project. NOTE Tailoring is a process by which individual requirements or specifications, standards and related documents are evaluated and made applicable to a specific project by selection, and in some exceptional cases, modification of existing or addition of new requirements.